This poem is written by Samwise Gamgee and he has possibly based some of the characters on real hobbits. It features a lonely Troll befriending Perry-the-Winkle, a young hobbit. In ~1928 Tolkien wrote an earlier version to this poem called The Bumpus for a series of works.
For the second poem in this publication, Tom is yet again the main character. This time the reader follow him on a boating trip along the Withywindle and his journey to meet Farmer Maggot. In this story we encounter familar places in Buckland and the Shire. The idea is that the events set out occured some time after Frodo and the other Hobbits visited Farmer Maggot and Tom Bombadil and that the poem is composed by Buckland hobbits.