Corrected entry: When Bilbo and the dwarves leave Beorn's house, it is just past daybreak, with the sun presumably rising in the east, their direction of travel. Later in the day, when the band realize they're lost in Mirkwood Forest, Bilbo says "We have to find the sun," and he looks upward, spotting the sun at about high noon. But when he climbs the tree and pokes his head through the canopy, he looks east and it is daybreak again with the sun just rising. Where did the day go? (00:23:50 - 00:25:40)
Corrected entry: In Lake-town, where the dwarves are surrounded by villagers and presented to the master of Lake-town, Stephen Fry exclaims: "Welcome, by Christ, welcome!" Jesus Christ was not a part of their culture. They believed in beings such as the Ainur.
Correction: The Master does not say 'by Christ, he says 'thrice'.This is an old term meaning 'three times'. The line reads thus: "Welcome, thrice welcome". This is also a title of a track from the soundtrack album.
Corrected entry: There were 13 barrels, one for each dwarf. Bilbo had to hang from the side of a barrel because there wasn't one for him to ride in. But after Bombur's barrel broke, he was able to jump into an empty barrel floating along with all the others.
Corrected entry: After Bilbo frees himself from the spider's silken cocoon in the forest of Mirkwood, he hides behind a tree listening to the clicks of the spiders "talk" to each other as they wrap up the dwarfs - i.e., he doesn't understand what they're saying. When Bilbo puts on the ring, all of a sudden he can understand the language of the spiders. He attacks one of them, invisible, and he can hear it ask, "Where is it?" Bilbo takes off the ring and says "Here." Then he kills the spider, with the ring off, but he can still understand the spider crying "It stings!" And Bilbo says "Sting. It's a good name." Without the ring on his finger, it doesn't seem like he should understand the spider's language.
Correction: Just like the ring having the ability to extend the bearers life (whilst not being worn), it is not too unreasonable to believe the ring has a residual effect on the wearer (translation) after it is removed, even if only for a few seconds as shown in the film.
Corrected entry: In the shot where Bilbo and the dwarves are climbing up to the hidden passage outside the mountain, Gloin is seen holding the axe that was taken by the wood elves, which is the axe he will later give to his son Gimli (will assume they return it after the battle of 5 armies). The next time we see it he is beating on the wall and breaking his axe from Laketown.
Correction: It is impossible to see what either one of the dwarves are carrying as they are climbing. The camera is too far back from the characters to see their weapons in any detail. In the scene when they have all reached the top, Gloin is shown to have the same axe (before and during the door smashing scene).
Corrected entry: In the scene when Thorin's company approaches the Elven gate, it is raining. In the next few shots, it's not raining, and then it starts to rain again as Gandalf leaves.
Correction: It is starting to rain when Gandalf leaves the company, and it keeps on raining when the company enters Mirkwood. Then the movie cuts to a scene where the company is walking through the wood, and it is indeed not raining, but this could be hours later.
Corrected entry: Right at the start when Gandalf and Thorin Oakenshield are in the Prancing Pony the barmaid passes behind Gandalf 2 times in the same direction, within 5 seconds. (00:03:00)
Corrected entry: Smaug refers to Thorin as "Oakenshield" several times. Oakenshield is a title he was awarded for events which occurred while the dragon was sleeping, not a last name - there's no way Smaug could know it.
Correction: In the context of the book the observation would have been correct. However in the movie it is hinted that Smaug has been contacted by the necromancer. If Smaug had been contacted by the necromancer, it would have given him news of what was going on in the rest of middle earth, including the fate of Thorin.
Corrected entry: There is so much gold in the mountain, in real terms it would have been worthless.
Correction: First, we shouldn't use phrases like "in real terms" for fantasy films not based on reality. Additionally, just because an item is abundant doesn't make it worthless if there is a need, desire, demand, or if it's difficult to obtain. For example, iPhones are abundant and still have value.
Correction: Bilbo and the Dwarves were lost in Mirkwood Forest for several days, and the enchantment on the forest is making them hallucinate, just like Gandalf said it would. Bilbo doesn't see the true position of the sun because he is still under the influence of the enchantment of the forest. His head clears once he climbs above the trees, and he is able to see the edge of the forest and the true position of the sun (on a different day from the day they entered the forest).