a wee green man (not to be confused with alien) that comes from ireland. They are often found pissed from drinking too much quality irish drink or smoking to much 'ganjabhang', and if they are found in this way it is likely the leprachaun gives away his gold treasure and good luck. Leprachauns are impossible to catch and even harder to see. If you do see one - you're pissed.
A Lepracoon is a coloured lepracaun.
Famous Lepracoon's include Jermaine Dupri Lepracoons have a tendancy to be rude tricksters.
They have beef with Dre, Xzibit, Timberland, Eminem
Unlike leprecauns they do not grant wishes, or give pots of gold.
All they do is have sex with bow-wow
Dre: Fuck Jermaine JD:Im a filthy midget
Eminem:Your a lepracoon
Timberland: Suck my *dj scratch* dick lepracoon