Maeg , that would indeed be a fascinating way to spend your life (it could probably consume many lifetimes actually). When thinking about these mysterious happenings outside your house, always remember that Wargs love to dance.
Fingolfin , Maeg herself once proposed something quite similar to what you have just proposed. However, we must always remember that Wargs, unlike Hobbits, are far, far more powerful than Men (or Elves in your case
) I am unconvinced as to what we could achieve for the cause of Wargs if we put our minds to it and started a society.
I don't think Men can save Wargs. If anything, I believe it is Wargs who can save Men.