Hobgoblin is a dummied enemy, meant to be the strongest of the Goblin-type enemies in the game.
Hobgoblin is an enemy fought at Mt. Lux, Mt. Liene, Mazewood, and Crystal Temple. They battle with regular physical attacks and Goblin Punch, but are of no threat to the party. It has Leather Shoes to steal and can drop the Iron Bangle.
Hobgoblin is a term typically applied in folktales to describe a friendly but troublesome creature of the Seelie Court. Hobgoblins seem to be small, hairy little men often found within human dwellings, doing odd jobs while the family is asleep. Often, the only compensation necessary in return is food. It is possible that the "hob" in their name comes from the hob, a part of the hearth meant for holding food or utensils. Hobgoblins are fond of practical jokes and seem able to shape-shift. Like all of the fae folk, hobgoblins are easily annoyed. The term "hobgoblin" has grown to mean a superficial object that is a source of (often imagined) fear or trouble.