For your reading pleasure, and because I can't help but show off bad writing, here's my entry:
Frodo screamed as the twisted creature bit off his finger - the ring with it.There were a lot of good entries (most of them not so long), and you can read them in the comments. Also be sure to check out Natalie's tips on what makes a bad ending.
"My precious!" Gollum chortled and danced in ecstacy at having reclaimed his prize, paying no attention to the precipice behind him. The edge crumbled, and he fell to the burning lava below.
Suddenly a voice hissed from the darkness, "Accio Ring!" The ring leapt out of Gollum's clutch and flew towards the waiting grasp of a snake-faced man holding a wand.
"Who's that?" asked Sam.
Frodo shrugged. "Sauron?"
Before the wizard could hold the ring, it halted in midair. Without warning, it flew the opposite direction, over Frodo and Sam's heads, to a tall man dressed all in black armor. "Impressive," the armored figure said, "but the ability to control the rings is nothing compared to the power of the Force." Suddenly the armored figure howled. He fell forward; the ring flew upwards out of his hand.
Behind him stood another man, strangely dressed in a tight-fitting vest and leggings. His eyes were hidden behind a black pair of spectacles. He caught the ring neatly and said, "Tell me, Mr. Anderson, what good is a ring if you're unable to speak?"
The new arrival looked at Sam, stonefaced, and said, "No."
"Avada Kedrava!" A ray of fire shot from the dark towards the newest owner of the ring, but he avoided it with inhuman speed. The armored man got up suddenly, drew a glowing red sword, and attacked as well.
While the battle raged, Sam looked to his master. "What do you reckon we ought to do, Mister Frodo?"
Mount Doom was getting crowded. Even Gollum had scrambled back up the cliff face and was even now clawing at the back of the snake-faced man's head.
"I'm tired, Sam," Frodo said. "F--k the ring. I want to go home."
As a prize, Natalie is going to draw me a full-colored sketch of my Air Pirates' protagonists. Woohoo!