Caught the premiere of this flick last week and really liked it, though it ain't the movie it appears to be if you watch the teaser. I was set up to see a gorefest with clowns running amok but there's more story and really only the one big clown who turns out to be more than scary enough.
It's about a woman suffering from fear of clowns--she's found an interesting outlet for her phobia by painting terrifying clown images. When a clown who looks a lot like one of the ones from her paintings shows up and begins killing off her friends, well, that's where the movie really starts. There's other stuff I can't really mention without giving away important details.
Obviously shot on a very low budget, it's got some good performances and some bad. The lead woman is very good and the clown also(and boy is it weird meeting him right after the premiere...he looked so different) but some of the secondary actors are clearly amateurs.
It's got some gore, some nudity, and some story so if you like B movie horror you'll probably have a good time with this one.