Mainly used in relation to depressed clowns but can also be used to describe circus acts with suicidal tendencies.
Trapeze Artist 1: "What's up with Dylan?"

Trapeze Artist 2: "He's having a real bad time at the moment"

Trapeze Artist 1: "You don't think he'll go Dead Clown do you?"
by AllTheWords March 13, 2013
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