When we were out in Vegas and took in the Red Skelton Tribute Show starring Brian Hoffman, he mentioned that Skelton's hometown was in Indiana and that there was a festival each year honoring him. I decided to look into it further.
The town is Vincennes, Indiana, about 2 1/2 hours southwest of Indianapolis. Even if you can't get there for the festival which is held in June (2012 dates are June 5-10), there is lots more to see involving Red Skelton. His birthplace home has been purchased and is being restored and there is a performing arts center and museum to which Mrs. Skelton has donated quite a few of his personal items.
Apparently, there is also a clown school that runs during the same time as the festival and then there's The Parade of a Thousand Clowns. Here's a video of the parade. Looks like a lot of fun!