I've only a blue belt, so I shouldn't be able to own any elf-coloured items.

However, I was able to place an buy order on an Right Leg Elf Motion Trail, and later transfer it to my inventory and activate it. I'm not sure if it will actually show up in-game, as I haven't played with it yet, but as far as I know I should not even be able to have it in my inventory.

/Edit: Does show up in game. I have a working right leg elf motion trail.

That's pretty much a GOOD thing for you. :P

hope you find out asap so i can start to order sum stuff

I know it's good for me, but it's still a bug, so I thought I better report it before I get problems because of bug abusing...

This way, I might get to keep it as reward for reporting the bug.

Yes, focus on the reward. :P

Thanks for reporting this.
This will be fixed.