Revealing mistake: When Smaug confronts Bilbo and weaves around the gold in his lair, as the dragon asks "What else do you claim to be?" his tail passes through one of the pillars (audience's left).
The Hobbit: The Desolation of Smaug (2013)
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Directed by: Peter Jackson
Starring: Ian McKellen, Benedict Cumberbatch, Martin Freeman, Richard Armitage
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More mistakes in The Hobbit: The Desolation of Smaug
Smaug: There is something about you. Something you carry, something made of gold. But far more PRECIOUS...
Trivia: In the beginning of the scene in the Master of Laketown's house, Alfrid tries to empty a chamberpot through the open window. During this, the window half closes, so much of the contents of the chamberpot splash on the inside of the window and windowsill. In the extras of the Extended edition it is told that this happened during the first take, and the scene was reshot many times. Nevertheless, the first take ended up in the final cut. (01:11:35)
Question: When Bilbo is inside the mountain, after he wakes Smaug he puts the ring on to hide. After a few moments Smaug says something about Bilbo having something gold but more "precious." Bilbo shudders and takes the ring off as if in pain. Does this imply that Smaug knows what The Ring is? Does he know how truly powerful it is, and the history of it?
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Answer: You would have to assume so. Dragons are incredibly ancient creatures and powerfully magic, Smaug would probably have been alive around the time of the rings creation, and even if he didn't know about the history he could have sensed the magic in the ring. But I doubt that he cared much for it other than owning it, as he wouldn't be able to wield it.