Read the wiki entry for It, and it sounds my only exposure being humorous clips from the crappy movie (outside of remembering the cover in B. Dalton at the mall) has ruined what could have been an interesting read! Seems like reading a very HPL influenced Sk novel would have been fun. The synopsis on Wikipedia is just dripping with SK-isms - like him or not, he has a very distinctive style of story.
Anyway, now I know about It, and that's one to grow on!