In Los Angeles, California, Mack Daddy O’Nasses (Ice-T) and Slug (Barima McKnight) discover a room full of gold, along with a leprechaun (Warwick Davis) that has been kept as a statue by a medallion on its neck. Mack Daddy takes a gold flute, but Slug removes the medallion freeing the Leprechaun and is killed, though Mack Daddy traps it once more. 20 years later, wannabe rap artists Postmaster P. (Anthony Montgomery), Stray Bullet (Rashaan Nall) and Butch (Red Grant) have their speaker destroyed while at an audition. After failing to sell a guitar to pawn shop owners Jackie Dee (Dan Martin) and Chow (Jack Ung), Stray Bullet manages to convince Mack Daddy, now a successful record producer, to pick them up. However, he drops them when Postmaster P. refuses to make his music more aggressive.