The Loafrecaun is a human-like character who has an obsession with gold, so much that he curses whoever steals it (including SwaySway and Buhdeuce). SwaySway refused to give it back because he thought the loaf was the most importan t thing, even more than his friendship with Buhdeuce
When Buhdeuce destroyed the loaf, the Loafrecaun and SwaySway cried and hugged and became friends, while Buhdeuce decided he was no longer friends with SwaySway because they were "riduckules". However the Loafrecaun's friendship with SwaySway ended when he decided to go out with Jenny Quackles. He is the fourth character who is in love with Jenny.