It is an 80's film, it's a comedy horror and obviously American.
I can't remember the actual story at all, but I remember a clock on a fireplace that was the main point of the film, it used to strike a certain time and ghostly shadow would surround it. I am almost sure there was a midget in it and he used to drive a limo.. or big car. There was also an iron maiden in it. I'm sure there was only 2 kids/teens as the main characters. It wasn't a film that was meant to scare you.
I can't think of much more to explain it..
Can anyone here shed some light on this please as it's doing my head in.