The quest stands upon the edge of a knife. Stray but a little and it will fail to the ruin of all.

Galadriel (Cate Blanchett)

12 seconds sound clip from the The Lord of the Rings: The Fellowship of the Ring movie soundboard.

You can hear this line at 02:36:33 in the Blu-ray version of the movie.

Quote context

[...]

- Needless were none of the deeds of Gandalf in life. We do not yet know his full purpose.

- Do not let the great emptiness of Khazad-dum fill your heart, Gimli, son of Gloin.

- For the world has grown full of peril and in all lands love is now mingled with grief.

- What now becomes of this Fellowship?

- Without Gandalf, hope is lost.

- The quest stands upon the edge of a knife. Stray but a little and it will fail to the ruin of all.

- Yet hope remains while the Company is true.

- Do not let your hearts be troubled. Go now and rest for you are weary with sorrow and much toil.

- Tonight, you will sleep.

- Welcome, Frodo of the Shire, one who has seen the Eye!

[...]