Answer:
This quote is significant because it shows how Bilbo is growing as a hero. After killing the spider, he becomes more courageous and bold.
Explanation:
In "The Hobbit," by J. R. R. Tolkien, after Bilbo Baggins kills the spider by himself with the help of the ring that gives him invisibility, he becomes aware of his power. Thus, he helps to rescue all the dwarfs and is then convinced to continue the journey.