Artifact. Item. Ring.
Attach to Bilbo Baggins.
Action:
Exhaust Bilbo's Magic Ring and raise your threat by 1 to gain 1 [Baggins] resource. (Limit once per round.)
Response:
After Bilbo Baggins exhausts to defend an attack, exhaust Bilbo's Magic Ring and raise your threat by 3 to cancel all damage from this attack.