Okay, Mike here to show you a simple little combo that, while doesn't give insect princess more playability, it does give you a slight advantage. The cards you'll need are:
 
1.Parasite Paracide
2.Insect Princess
3.Jade Insect Whistle
4.Mask of restrict
 
Okay, here is what you do. First, get insect princess on the field with a face down Parasite Paracide. Then flip parasite paracide. It goes into your opponents deck. Then, play jade insect whistle to force your opponent to search their deck for a paracite paracide (since insect monsters aren't at all too popular) and put it on the top of their deck. Your opponent will draw, lose a thosuand life points, and be forced to special summon Parasite paracide. Then, flip mask of restrict, so they don't tribute Parasite paracide. and thats it. I know this isin't a good combo at all, but it does show at least SOME playability with insect princess and parasite paracide.
 
 
Well, what do ya think, email me at:
Revolvermike6@aol.com
My name is Mike Coyne.
 
See you for my next tip: A overlooked XYZ support card.