In general, the up and down action of the elevator represents the ups and downs of your life. It also symbolizes emotions and thoughts that are emerging out of and submerging into your subconscious.
To dream that the elevator is out of order or that it is not letting you off, symbolizes that your emotions have gotten out of control. It may be a reflection of your life or your career. You are feeling stuck or powerless in some aspect of your life, whether it is your career, relationship, etc. The location of the elevator of the dream could help you determine what the dream wants you to pay attention to. Career, home life, spiritual life, or mental development.
Alternatively, the dream may have sexual connotations.
