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Three young boys, who are left alone in a large, secluded house are stalked and hunted by three escaped mental patients who dress like clowns. Interesting idea, but this movie is very, very slow. Honestly, I fucking hated it. If I was a little kid it might scare me, but as an adult you can see all of the scares coming a mile away (little boy reaching for his brothers hand while his head is looking the other way; camera panning away from the "dead body" while boy uses phone; camera showing large area behind boy while he's messing with fuse box; etc.). Another thing that upset me was it took damn near 30 minutes for the killers to even get into the clown make-up! That's way too long for a set up...the entire movie is only 81 minutes!
Bottom line: if you like watching young boys walk around half-naked and then later on stalked and wrestling around with grown men, then check out CLOWNHOUSE. If you want to watch a real horror movie about clowns then...well, uh, you're probably out of luck. I guess you can always read IT again. Or for full-blown clown weirdness watch KILLER CLOWNS FROM OUTER SPACE.