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The Clown factor is the fear of doing something brave, because you are afraid to fail and be clowned by your friends and family. This factor must be considered before attempting something crazy, because the benefits from succeeding may not outweigh the clown factor of failure.
Juanteliio didn't ask Esmerelda to the prom because the clown factor of his rejection was too great
a) The degree to which someone is a clown.
b) A term that describes management. The higher up within an organization that someone is, the greater their "Clown Factor"
"Man, the CEO's Clown Factor is through the roof!"