Clown hat

Clown hats are obtained through Balthazar Beauregard's Big Top Bonanza, which is a part of Distractions and Diversions. These are rewarded to players who earn between 1,001 and 1,200 points in any of the circus performances. If players lose this item, they can talk to Balthazar Beauregard to obtain it.

If players score between 1,001 and 1,200 points, they will always get the Clown hat first, followed by the Clown shirt, the Clown leggings, the Clown shoes, and finally the Clown tambourine. Players will receive nothing after they have rewarded with all 5 items.

The penguin that turns the board in the Ranged performance seems to be wearing a Clown Hat.