Leprechaun: In the Hood (2000) scary movie

When Butch, Postmaster P, and Stray Bullet rob a hip-hop mogul's studio to finance their demo album, they steal his magic flute.

Their concerts immediately become golden, but a bloodthirsty Leprechaun and an (first article) enraged Mack Daddy are close on their pursuit, leaving a path of devastation tainted by politically incorrect limericks.