Greetings, Morb! NO, the Bauble Stick is in a chest in a room near Bilbump's brother, Rethpian(the Rat Pie dude). West (down the stairs) of the round room with the locked door below the broken stairs. There's a pool in the middle of the room. And for your information, you've only just BEGUN this dungeon! Aaahhhh,hahahahahahaha!!
+Dr.Pick