Step 1: Conceptual Understanding:
Express each factor modulo 124 and then multiply the residues.
Step 2: Explanation in Detail:
$123 \equiv -1 \pmod{124}$, $\;125 \equiv 1 \pmod{124}$, $\;127 \equiv 3 \pmod{124}$.
Product $\equiv (-1)(1)(3) = -3 \equiv 121 \pmod{124}$.
Step 3: Therefore, Stating the Final Answer
The least positive remainder is $121$.