Figwit is one of the earliest examples of viral internet fandom surrounding a minor background character. The acronym stands for 'Frodo Is Great, Who Is That?', a phrase coined by fan Iris Hadad after spotting a particularly striking elf during the Council of Elrond scene in 'The Fellowship of the Ring'. Despite having only seconds of screen time and no lines initially, the character became a cult sensation. The actor, Bret McKenzie, who later gained fame as one half of Flight of the Conchords, even returned for a small role in 'The Return of the King' and 'The Hobbit' due to the meme's popularity. Today, Figwit represents the power of internet communities to elevate obscure details into legendary status.