The magic elephant is not a trick but a fun addition to your magic show. Believe me, I have done this hundreds of times with audiences and they really respond well to it. It's engaging and everyone wants to know how it's done so you can kill a lot of time just teaching people. Strangely, they will often talk about this as much, if not more, than your tricks.
There's a really good lesson in this for any upcoming magicians. It's not all about the tricks, it's often more about creating an emotional link to your audience. What happens when you show this to people is that they immediately realise how easy it is to make a magic elephant. Their next thought is that they then want to do it to someone they know, usually someone they love in their family. What this tells you straight away is that they really liked it. I mean, why else would they want to take their time to learn it? Once they have made this investment in time in your magic performance, you can do more of your tricks for them and usually get a better response.
Once you start to realise that these sort of things like the simple bit of towel folding get the sort of audience responses you want, you start to keep an eye out for them, as you will have realise their true value to the magician.
Once you know things like this - and remember you can do it anytime you can find a towel which is about most times - you can start to mix and match these with your magic tricks and start to create your own routines. Your elephant must be able to find a chosen card somehow? For a fun mentalism routine this would work great because they elephants have long memories. It should be pretty easy to write that into a magic plot.
And guys, let me tell you that when you make one of these magic elephants the girls go ooh and aah. They love them. This and the Paper Rose which is video #53 at Julian's Magician School are two things that every male should learn in their lifetime.