Yesterday we were given a new poster and a teaser for IT, the new movie adaptation of Stephen King‘s book of the same name, with the promise of a first trailer being released sometime today.

That sometime is now, as the first trailer—and our first real look at the movie that has both excited and severely worried fans of the book and the 1990 TV movie adaptation starring Tim Curry as Pennywise the clown over the past few years—has now been released to the masses.

Grab a balloon and head below to give it a peek and find out if it looks like you hoped, or perhaps feared, it would look.

It’s been just a little over one year since True Detective season one and Beasts of No Nation director Cary Fukunaga walked away from the movie adaptation of Stephen King‘s It, which he had been developing for multiple years and fans seemed extremely excited about, for reasons that made the departure all the more painful.

When this happened it sounded like the movie might be dead, but then just a couple of short months later New Line hired Mama director Andy Muschietti to replace Fukunaga and all was on track again. When Muschietti was hired it was unclear if Will Poulter, who had been cast just before Fukunaga’s exit, would still be playing Pennywise. As it turns out, no, he isn’t. A new actor has now been cast in the role made famous by Tim Curry’s terrifying performance in the two-part TV movie adaptation in 1990.