The new red band trailer for HBO's IT: Welcome to Derry has everything fans of Stephen King's It could want. Children heading into sewers! Terrifying visions courtesy of Pennywise the Dancing Clown (Bill Skarsgård)! And so, so, so much blood.

Developed by Andy Muschietti and Barbara Muschietti, the sibling team behind IT and IT: Chapter Two, the upcoming IT prequel series transports viewers to Derry, Maine in 1962. That's 27 years before the first film takes place, meaning it's perfectly timed to Pennywise's last awakening before the events of IT. (King's novel kicks off in 1957, but the films moved the time period up several decades.)

Based on IT: Welcome to Derry's latest trailer, Pennywise's 1962 feeding cycle will play out similarly to his 1988 cycle. He's going to terrorize a group

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