Leprechaun: In the Hood (2000)

When Butch, Postmaster P, and Stray Bullet rob the local hip-hop mogul's studio to pay for their demo album, they don't realize that they end up with the secret to Mack Daddy's success: a magical flute.

Their (new updates) occupations suddenly turn golden, but a murderous Leprechaun and an infuriated Mack Daddy are close on their tail, leaving a path of ruin stained by politically incorrect limericks.