Hi Tigerlily! I've never heard that explanation before.
As far as I know, the phrase orginated in the sixties with the generation that first went in for Tolkien in a big way. College students used the term "Frodo Lives" to express the hope that the dreams and ideals Frodo stood for were still alive and well...that the earth would be cleansed, that there would be peace, that our lives and imaginations would be returned to us instead of controlled by coporations and governments. You saw these words on bumper stickers and also on grafitti.
There was another thread discussing this--"Does Frodo live?" (I think it's on page two of Books II)
I haven't heard the meaning you mentioned Perhaps someone else has, or it may be a misunderstanding.
sharon, the 7th age hobbit
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