The 1960 clown
In the miniseries, Pennywise first shows up to Georgie, in the storm drain, on a rainy afternoon in 1960. He offers the paper boat, tears the boy's arm off and leaves him to die. Later he scares each Loser with a different nightmare, like the photos that move. The seven realize It isn't human but an ancient creature that wakes roughly every 30 years.
In the sewer, the kids wound it with a trick of the imagination: Eddie's inhaler becomes acid, and Beverly's silver hits it. It flees, but returns in 1990.