Pennywise is the main villain from the "It" movies and the book by Stephen King. He is a cosmic entity as old as time itself, who stood by as the Turtle created the universe. He eats people and consumes their fears, because he believes people taste better when they are afraid. He has the power to warp reality at will and change into any form, but his favorite form is that of a clown. He is weakened by a silver bullet and then cast out of our dimension by a magic ritual known as the Ritual of Chud.
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