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Django 1.4 definitely supports the ELIF syntax in the template:
https://docs.djangoproject.com/en/1.4/ref/templates/builtins/#if
From your error, it looks as though you are definitely using 1.4. Can you post the full if statement? There may be a syntax error between the IF and the ELIF that is causing this. Also, just have to ask, do you have the ENDIF tag to close the if statement?
Source:stackexchange.com