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IT (Chapter-2)
In 2016, Derry, Maine, Don Hagarty witnesses his boyfriend Adrian Mellon being murdered by Pennywise after a gang of homophobic youths beat them up and throw Adrian off a bridge while leaving the annual Derry carnival. Overhearing a police scanner and then investigating the scene, Mike Hanlon discovers It has returned, and calls his childhood friends, Bill Denbrough, Ben Hanscom, Beverly Marsh, Richie Tozier, Eddie Kaspbrak, and Stanley Uris, back to Derry to honor the promise they made in 1989 to kill It if it came back. While the others travel to Derry with only hazy memories and a sense of dread, Stan commits suicide by slashing his wrists in the bathtub soon after getting the call. The Losers meet for dinner at a Chinese restaurant, where Mike refreshes their memories until they are tormented by hallucinations and learn of Stan's death.

Richie and Eddie decide to leave until Beverly reveals that ever since she was exposed to It's Deadlights, she has been experiencing visions of their deaths should they fail or leave town without fulfilling their promise. Meanwhile, Henry Bowers, who survived being pushed into the well at the Neibolt house and was arrested for murdering his father in 1989, escapes from a mental institution with help from It, in the form of the corpse of Patrick Hockstetter. At a baseball game, Pennywise kills a little girl named Victoria after deceiving her into believing he can remove a birthmark from her face. Mike takes Bill to his library abode and shows him, via a drug-induced vision, that the Shokopiwah Native American tribe's Ritual of Chüd can stop It for good.

Going to their old clubhouse and acquiring Stan's shower cap, Mike explains that the ritual requires seven personal items from their past to be sacrificed and advises the others to find their artifacts by retracing their steps following their falling out after first entering the Neibolt house. Beverly goes to her old home, now inhabited by an elderly woman named Mrs. Kersh, and finds Ben's love letter, still believing Bill wrote it, fleeing when Mrs. Kersh reveals herself to be It. Ben recalls another childhood encounter with Pennywise at high school before realizing his artifact is the yearbook page Beverly signed, which he kept in his wallet. Both Richie and Eddie recall their own personal encounters with It while retrieving their artifacts: a game token from an abandoned arcade, and an inhaler. Pennywise confronts Richie and taunts him about his sexuality, leading to him deciding to leave again and reconsidering again after recalling Stan's bar mitzvah, before menacing Eddie in the guise of the Leper, but when Eddie stands up to It, the being shrinks in size and flees after vomiting on Eddie.

Bill finds his childhood bicycle "Silver" and recovers the paper boat from the storm drain where Georgie was killed while meeting a boy named Dean, whom they saw earlier at the restaurant and lives at his old house and hears voices from the shower drain. Bill regroups with the others before running off to the carnival and into a funhouse after learning Pennywise is going after Dean when It sends a message to them using Dean's skateboard, only to watch helplessly as Pennywise kills the boy before his eyes. Henry unsuccessfully attempts to murder Eddie before attacking Mike, but Richie intervenes and kills him. The Losers join a traumatized Bill at the Neibolt house, talking him out of facing It alone out of guilt.

The group descends into a cavern beneath the sewers, Mike providing a rock from the Losers' fight with the Bowers Gang as they perform the ritual in the remains of the meteor that brought It to Earth ages ago. The ritual appears to work in trapping the Deadlights in the sealing jar, but they escape after Pennywise emerges from the jar as a giant red balloon, which bursts to reveal his spider-like form. Pennywise pressures Mike into revealing that It killed those who previously performed the ritual and that Mike scratched that truth off the sealing jar. Mike assures the others they have a better chance of facing their fears, but they accuse Mike of lying to them. It attacks the Losers and places Bill, Ben, and Beverly in nightmarish scenarios, which they escape once Bill lets go of his guilt over Georgie's death, and Beverly realizes Ben wrote the love letter, while Richie and Eddie are forced to choose from three doors. Mike gets caught by Pennywise, but Richie manages to distract It, allowing Mike to escape, getting caught in It's Deadlights. Eddie saves him, getting fatally impaled afterwards. He reveals how he made It feel small earlier, making the Losers realize they can do that by exploiting his requirement of a physical form. They begin taunting Pennywise, showing that they are not afraid of any of It's forms and calling the creature "just a clown." Their mockeries cause Pennywise to regress physically and mentally into a helpless infant. Mike rips out Pennywise's heart so he and the Losers can crush it, finally killing It for good. Eddie dies from his injuries, and the Losers are forced to leave him behind when It's death causes a cave-in that destroys the Neibolt house.

The remaining Losers comfort Richie as he mourns for Eddie, their ordeal's end signified by the scars on their hands disappearing. After the Losers part ways, Ben and Beverly become a couple, Richie returns to the kissing bridge where he had once carved his and Eddie's initials, Mike decides to move out of Derry and start a new life, and Bill begins writing his new story before receiving a call from Mike as he leaves Derry, learning that Stan sent them all posthumous letters. Stan reveals in his letter that he was too scared to deal with Pennywise again, and his suicide was actually a means to give his friends a fighting chance against It and asks the remaining Losers to live life to the fullest.