Answer:
A. He is blessed with good timing and luck
B. "'What I say,' said Bilbo gasping. 'And please don’t cook me, kind sirs! I am a good cook myself, and cook better than I cook, if you see what I mean. I’ll cook beautifully for you, a perfectly beautiful breakfast for you, if only you won’t have me for supper.'
'Poor little blighter,' said William. He had already had as much supper as he could hold; also he had had lots of beer. 'Poor little blighter! Let him go!'
'Not till he says what he means by lots and none at all,' said Bert. 'I don’t want to have me throat cut in me sleep! Hold his toes in the fire, till he talks!'
'I won’t have it,' said William. 'I caught him anyway.'"
"'Half a moment!' cried Bilbo, who was still thinking uncomfortably about eating. Fortunately he had once heard something rather like this before, and getting his wits back he thought of the answer. 'Wind, wind of course,' he said, and he was so pleased that he made up one on the spot. 'This’ll puzzle the nasty little underground creature,' he thought: An eye in a blue face Saw an eye in a green face. 'That eye is like to this eye' Said the first eye, 'But in low place Not in high place.'"