Elliott, a promotion winner with Cherries in 2003, is hoping to see his former club extend their season by securing victory at Hartlepool tomorrow.
The 32-year-old, who is targeting an instant return to the Premier League with Burnley, has described as phenomenal Cherries' achievements so far this season.
And with a win at Victoria Park almost certain to guarantee them a place in the League One play-offs, Elliott says it would be a fine accomplishment.
He told the Daily Echo: For me, the most impressive thing is how they have dug in during the past couple of weeks.
They had a fantastic run after Lee and Fletch took over and then had a blip. They could easily have slipped out of contention and I don't think there would have been any recriminations if they had. They could quite justifiably have said they had been over-achieving.
But they have got themselves into a great position. I think it shows the strength of character and, hopefully, they can see the job through.
Cherries are currently three points ahead of pursuers Leyton Orient and boast a superior goal difference. The Londoners host Tranmere tomorrow before travelling to Plymouth on the final day of the season when Rochdale will be the visitors to Dean Court.
Elliott, who netted to win the 2009 Championship play-off final for Burnley, added: Bournemouth will want to get it done as soon as possible and, with their goal difference, they are in the box-seat.
These opportunities don't come round too often and you need to enjoy and embrace them when they do.
As a group, they have had an incredible two years and have put themselves in a fantastic position. They have got the chance to experience something really special.
I am confident they will get there and, if they do, I can't imagine anybody would want to face them. There will be no pressure on them because nobody would have expected it at the start of the season. Stranger things have happened in the play-offs than Bournemouth getting promoted.
Elliott also believes Cherries have a secret weapon in recently appointed conditioning coach Louis Langdown, his closest friend in the game: He must be doing something right because Fletch is still banging in the goals at 38!
Louis is an incredible fitness coach. He looks after me when I come home in the summer. He takes me to the gym and gets me doing some mad exercises. He is part of a great team at the club.
See tomorrow's Echo for a feature with Wade Elliott.