The story takes place 27 years after the first part, where a group of friends, who call themselves "The Losers," must reunite to face their childhood fears and defeat the monstrous entity known as Pennywise, a clown that terrorizes the town of Derry. The group, now grown up with successful careers, has forgotten about their past traumas, but Mike, who never left Derry, reminds them of their promise to return and face Pennywise if it ever came back.
As they reunite, they start to remember their past and face their deepest fears. They perform a ritual to try and defeat Pennywise, but it doesn't work. Instead, they discover that the key to defeating the monster is to use psychological abuse and insults to weaken it.
In the end, they successfully defeat Pennywise, but not without Eddie's death. The remaining friends share a brotherly hug and reflect on their past, remembering the letter that Stan, who committed suicide, sent them. The movie concludes with the group leaving Derry, forever changed by their experiences.
Here are the key facts from the text:
1. The story takes place 27 years after the first part.
2. A gay couple is being harassed by homophobes.
3. The clown, Pennywise, has returned to terrorize the town of Derry.
4. Pennywise takes a girl and eats her, and also kills a gay man.
5. Mike, who is now grown up, visits the crime scene and confirms his worst fears.
6. Bill is now a successful writer, and his books have been made into movies.
7. Ben is a successful architect and has become thin.
8. Beverly is married to a rich and understanding man.
9. Mike calls his friends and tells them they have to come back because Pennywise has returned.
10. Stan is found dead, having committed suicide.
11. The group of friends reunites and eats together.
12. Bill talks to Mike about his movie and its poor reception.
13. The group discovers that almost none of them remember what happened 27 years ago.
14. Mike is the only one who remembers because he never left Derry.
15. The group starts to experience disturbing visions.
16. Stan's death is revealed to the group.
17. The group decides to face Pennywise together.
18. Richie has a panic attack during a confrontation with Pennywise.
19. The group reaches the sewers where they faced Pennywise 27 years ago.
20. Mike prepares the "chat ritual" to defeat Pennywise.
21. The group throws away their artifacts and Beverly throws away a poem she wrote.
22. Ben and Beverly share a moment, and it is revealed that Ben wrote her a poem 27 years ago.
23. The group holds hands and repeats a phrase to lower their lights.
24. Pennywise appears in his evolved form and tells the group that Mike was fooling them.
25. The group attacks Pennywise with insults and pejoratives.
26. Pennywise becomes smaller and weaker due to the group's psychological abuse.
27. Richie dismembers Pennywise, and Mike rips out his heart.
28. The group squeezes Pennywise's heart together, and the monster dies.
29. Eddie dies in the process of defeating Pennywise.
30. The group escapes, and Rich says goodbye to his friend Eddie.
31. The group shares a brotherly hug and remembers happy times together.
32. It is revealed that Stan had sent a letter to the group saying he committed suicide because he knew he couldn't handle the fear and pressure.