Wasn't that just for the dark elves though? While the light elves where more like minor deities...Fun fact: in Norse mythology, there's even less distinction between mythical creatures. For instance, terms for dwarfs and elves were used pretty much interchangeably.
I always thought that that's because elves where mostly any non-gods that weren't monsters...[DOUBLEPOST=1343333206][/DOUBLEPOST]
Heh, I was reading the wiki about Tolkien Orcs and he stopped using hobgoblin because originally hob- meant it was smaller..It gets worse in Finnish. There is, for instance, no word that could even closely translate the word "hobgoblin", as in a bigger breed of goblin.