hobbit(n = noun.person) - an imaginary being similar to a person but smaller and with hairy feet; invented by J.R.R. Tolkien;
is a kind of imaginary being, imaginary creature

hobbit, n. a member of an imaginary race of half-sized people in stories by Tolkien.

Derivative:
hobbitry n.

Etymology:
invented by J. R. R. Tolkien, Engl. writer d. 1973, and said by him to mean 'hole-dweller'