It was a “Lord of the Rings” reunion at Cannes Film Festival on Tuesday night as Oscar-winning director Peter Jackson received an honorary Palme d’Or from Elijah Wood , who played Frodo Baggins in the fantasy franchise. In his speech, Wood recalled meeting Jackson for the first time at 18 after sending in an audition video. “He had seen a VHS tape I’d made with friends in the woods of Griffith Park, and now they wanted to meet the young man who had sent it,” Wood said. “And when a little while later the call came that I was going to be Frodo Baggins, I sat down on the floor of my bedroom and I understood with the whole of my being my life had just been divided into before and after. And I know I’m far from the only person who has had their life changed by Peter Jackson.” Accepting the award from Wood with a hug, Jackson commented that he’s “grown a little bit of facial hair” since the first time they met 27 years ago. “If someone does a remake of ‘Gone With the Wind,’ it could be your role,” Jackson joked.…