You can shoot things from far away and they die. This is sort of on the level of cavemen discovering the joys of AK-47s on the hunt for my limited Lineage skills. Elves also can see in the dark. Lineage is serious about its darkness - you have a light radius of about 3 inches from your nose when you leave town, but elves can see the entire screen. Albeit in some strange flourescent green, but that's a minor detail.
Elves also can cast spells and probably get all the girls.
So my next hour or so in Lineage was as an Elf. Eventually I ran out of arrows, and then I discovered the dirty secret of elves. Namely that they can run out of arrows. A bow without arrows is, well, kind of, you know, useless. I went looking for new arrows or helpful Ent Faries that dispensed AMMO but never did find out how to make more.