Scientists in Australia have found what they believe must have been a new species of hobbit-sized humans who lived about 18,000 years ago on an Indonesian island. Their genus is also 'Homo' but a species name has yet to be agreed upon (reallytinyus would be fitting don't u think?).
Anyway, they came to this conclusion because they found a bunch of skeletons that look like humans only smaller. They seem to feel this is very exciting. Excuse us while the world breathes a collective "Err... yeah. Right"
Imagine what anthropologists will come up with a thousand years from now when they find a bunch of TellyTubbies costumes...