The Hobbit movies would have been vastly improved by going the same route as the The Princess Bride movie
Just constant cuts to the future with Frodo chiming in as Bilbo tells the story to be like “that’s not how you told it when I was little!” and “wait, you never mentioned these orcs chasing you!”
And Bilbo hems and haws like “well, I didn’t want to scare the children” etc and we see the same scene get replayed multiple times with slight variations as Frodo and Bilbo bicker about the details of what actually happened
(And then we can do an extra gut-punch at the end where Bilbo tells the little kids “yeah, the dwarves were all fine, nobody died, they recovered from their wounds and went on to rule the kingdom” and maybe we get a glimpse of a universe where that happened… but Bilbo turns away as soon as the children are gone and stared out the window while he relives the truth all over again 😭)
