Source: Warhammer Fantasy: 6th Edition

Fear Elves
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All Goblins dislike fighting Elves of any kind because they 'stink funny' and because their haughty manner unnerves the little greenskins. A unit of Goblin troops therefore fears any unit of Elves that it does not outnumber by at least two to one. Count any Orcs. Squigs or anything else in the unit as well as the Gobbos.