[ecurbh]

Those are discarded prosthetic hobbit feet. They shredded and recycled them when they were finished to prevent scavenging by souvenier hunters.

The pointing guy is the director of the films, Peter Jackson (known affectionately as PJ).

[Penny1]

...about those hobbit feet...

Apparently, they also start to smell really, really bad after a while, so that was another reason to shred them, lol...