"Leprechaun 3" is simultaneously better and worse than Lep 1 & 2. It pulls this off by have a terrible "Act One" (the first 45 minutes), but an entertaining "Act Two" (the last 45 minutes). I'm sorry, but with the exception of the Leprechaun character, Mark Jones cannot write convincing dialogue to save his life. I felt bad for actor John Gatins (playing Scott McCoy), who as the young college kid was saddled with some of the most unconvincing dialogue... well, ever. It was almost unwatchable, this "Act One". Then the story changes in "Act Two" with "Scott" getting infected with the Leprechaun's blood, and after that it's nothing but a good time.
One cool thing is that this time, Warwick Davis gets to speak nearly all of his dialogue in rhyme, and in "Act Two" he's downright funny at times. Davis really carries these films, without him they'd be unwatchable. With him, the Leprechaun has a destructive charm that's just fun to watch.
