Come on up Ritchie! I've got a balloon for you!" Step up as Pennywise the Dancing Clown, eater of worlds and of children, the not-so-funny clown from Stephen King's IT. IT (also referred to as Stephen King's IT) is a 1990 psychological horror/drama mini-series based on Stephen King's novel of the same name. The story revolves around an inter-dimensional predatory life-form, which has the ability to transform itself into its prey's worst fears, allowing it to exploit the phobias of its victims. It mostly takes the form of a sadistic, wisecracking clown called Pennywise the Dancing Clown.