No, I am not a rectangle.
No, I do not resemble wings.
Yes, I am round.
No, I am not a palantir.
No, I am not a tower.
Yes, I am a ring.
No, I am not an Elvish ring.
No, I am not Nenya.
No, I am not the Ring of Barahir.
No, I am not a Dwarven ring.
No, I am not Morgoth's ring.
No, I am not the Circle of Orthanc.
No, I am not one of the elder rings.
Yes, I am in The Shire (for a time).
Note: in terms of 'elder rings', I choose to interpret this as 'rings crafted during the Elder Days of the First Age'. If this is not correct, please let me know and I'll amend my answer!
Not all who wander are lost...except that guy. He's DEFINITELY lost.- JRR Tolkien, probably