Many people believe leprechauns are simply a dwindled folk memory of the tall and graceful Tuatha de Danann, an elvish folk said to have ruled Ireland by magic in ancient times. This is far from the case. Leprechauns are a separate race, almost as ancient and proud in their own way as the Tuatha.
Others say Leprechauns are just a load of old cobblers. Which is true enough because a thousand years is a sprightly age for a leprechaun, and they are famous for their shoemaking; but they have many other talents besides.