Episode 7 of 'IT: Welcome to Derry' has been reported to have a tragic ending, with some outlets focusing on the fates of characters Will Hanlon and Ingrid Kersh. The episode's conclusion appears to involve a significant plot twist, possibly related to Pennywise and time travel, although details are not consistent across reports. The episode is also said to depict a traumatic moment from the book, known as "The Black Spot", which has been brought to life in the show.