Explanations for people who don't speak french: in the french version of LOTR, Frodo doesn't say "I will take it", but "I will do it" when he decides to destroy the Ring.
Here you can see Frodo in Elrond's council.
Bilbo in Frodo's dream: "Frodo, you still haven't prepared the tea?"
Frodo: "I will do it!"
Elrond: "You, Frodo Baggins?"
(written in the end): And this is how hobbits entered the legend.