They are coming out with a "Homey the Clown" movie entitled "Homey the Clown," per the imdb.com
First the new Teenage Mutant Ninja Turtles movie, then this? Really? Is it 1992 again and someone forgot to tell me?
If I were forced to make a movie about any character from In Living Color, it defintely would have been Fire Marshall Bill ("Let me tell you something!") or Wanda. But I forgot, Jim and Jamie have careers...
Edit: Fixed link and added link to new TMNT movie (Heroes on the half shell... turtle power!)