Elliott and captain Simon Mannering cut disappointed figures afterwards- the good start in which Shaun Johnson engineered a try for Mannering with a fine pass, and Konrad Hurrell's blockbusting try amounting to nothing.
"They're a little bit further down the track than us,'' Elliott said of the Rabbitohs. "It was a really good lesson that we've got some ground to cover. It was the subtlety which they had in their game that was the difference - their last plays were better than ours.
"We did a lot of good things. I think we made more line breaks than them, I think the line breaks were 4-2 our way and I think their last one came in the last play of the game, so there's some stuff for us to work on.''
Mannering said: "I guess we put them under a fair bit of pressure at the end of the second half. We knew after the break they would have us under the pump again like they did at the start of the game. Unfortunately we couldn't handle it towards the last 10 minutes which is a shame.''
Hurrell's try, in which he ran over the top of one would-be defender and through two others was a highlight, Elliott admitting:
"Give him one-on-one opportunities and he's pretty scary.''
The Warriors, who are 11th and two points outside of the top eight, have a bye this week.