Most Leprechaun legends can be traced back to the 8th century tales of water spirits which were known as ‘luchorpán’ which means ‘small body’. It is said that these spirits merged with a household fairy and developed a penchant for heavy drinking so no cellar was safe! According to other researchers, the term Leprechaun actually comes from the Irish term ‘leath brogan’ which means shoemaker.
It is interesting to note that Leprechauns are often associated with wealth, particularly gold coins, but they are actually cobblers which you would hardly presume is a lucrative vocation! Nonetheless, the myth of the pot of gold persists and there are still people who go looking for this hidden treasure!