Pippin and the PalantÃ*r

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This came from the Savvy Orc thread. What is Sauron referring to here when he says "this dainty"

'...Then he came. He did no speak so that I coudl hear words. He just looked, and I understood.

'"So you have come back? Why have you neglected to report for so long?"

'I did not answer. He siad: "Who are you?" I still did not answer, but it hurt me horribly; and he pressed me, so I said: "A hobbit."

'Then suddenly he seemed to see me, and he laughed at me. It was cruel. It was like being stabbed with knives. I struggled. But he said: "Wait a moment! We shall meet again soon. Tell Saruman that this dainty is not for him. I will send for it at once. Do you understand? Say just that!"'

Please for those who have posted Savvy Orc thread, repost your responses here.