They collar their new

The goblins look at the trembling, naked elf up and down, drinking in the entirety of her curvy, voluptuous form. Piahla just stands there, too terrified to even attempt to cover her naughty, nude body.

"Mmmmm," Gurka hums appreciatively as she and her two accomplices look over the fabulous fabrics they've just peeled off of Piahla. "These will look so good on us!"

"Yeah!" Bogga says as she dons the elf's glasses. "We'll look totally smart and sophisticated!"

The three green-skinned girlies strip out of their rags and slip into the elf's former attire. It's a bit big (ok, really big) on their smaller bodies, but with a few rips here and some creative tying and snipping there, they've all soon got cute new outfits.

Gurka is sporting Piahla's open blouse like a coat, G-string, and stockings. She's also wearing the chesty elf's bra as a bonnet.

Bogga is wearing the elf's glasses and all of her jewelry, as well as the shredded remains of Piahla's once-conservative skirt. She leaves her small breasts completely bare. All in all, it's a rather alluring look.

Goola re-cinches Piahla's corset, wearing it like an elegant evening dress that goes from above her boobs to just below her crotch.

"I..." Piahla timidly tries to protest, but when the three turn to her, her timid nature re-emerges. "You look g-great."

The green babes giggle and smile, striking poses.

"We are soooo fancy now!" Bogga shouts.

"C-can I h-have those?" Piahla weakly whimpers as she points at the goblins discarded rags. "To... to wear?"

"Nah, we got something better for you..." Gurka says as she lustily leers at the elf. "Get on your hands and knees."

"I... um... but... o-okay," Piahla says, closing her eyes and shivering in fear and... arousal(?!) at her humiliating turn of events. "N-now what?"

*CHUNK!*

The naked elf gasps as she feels cold metal wrap around her neck.

"A lovely new collar for our lovely new ****!" Gurka says with a smile.

"It suits her!" Bogga agrees.

"I get to ride her first!" Goola squeals as she hops onto the confused elf. She pulls on Piahla's beautiful silver hair and slaps her undefended ass, causing the matronly elf to squeak in surprise. "Giddyap horsie!"

Piahla instinctually complies, quickly crawling completely naked on her hands and knees. Her big bare boobs and belly occasionally brush against the floor of the keep she had practically ruled earlier today.