The movie starts off with Dan O' Grady riding in a limo to his farm back from a trip to Ireland. He explains to his wife Mrs. O' Grady that he captured a leprechaun and made him tell him were his gold was. He shows his wife the gold and tells her that he is going to hide it. He returns back to the house to his wife dead, with the Leprechaun mocking her death. He then puts the Leprechaun in a crate with a four-leafed-clover on top.
Ten years later the Leprechaun tracks him down and fatally wounds him. He is then stuffed in an elevator and tells Tory Redding how to kill the Leprechaun. He dies shortly after.