As Far as Racial Abilities in D&D Go, One of the Most Interesting Ones Is the Elves' Trance. Because of This Ability, Elves Don't Need to Sleep Like Other...
As far as racial abilities in D&D go, one of the most interesting ones is the Elves' Trance. Because of this ability, Elves don't need to sleep like other races do. Instead of sleeping, they go into a deep, meditative state while taking a long rest.
Can an elf sleep?
Sleep is a proper subset of unconscious - elves aren't flat immune to all unconsciousness, or the rules would explode when one of them drops to 0 hit points. Elves are specifically immune to effects that specifically state they inflict sleep (or, of course, effects that only work on sleeping targets).