Its not Bilbo!!

This eagle was clearly re-enacting the "Out of the Frying Pan, Into the Fire" chapter of the Hobbit. Seeing young Bilbo helpless upon the ground he swoops into to rescue him from the giant and her imprisoning basket-of-doom!

Check this out. Pretty wild stuff. You can actually see the kids airborne in the slow-motion portion.

post script: I don't think this is fake. The shadows are dead on, even the shadow of the youngster as he falls......and I would be wrong! Read here! VERY GOOD ANIMATION PROJECT!