Simplify the following text for a Grade 6 native English-speaking person.
Original: The Terror Wheel is the second EP by American hip hop group Insane Clown Posse , released on August 5 , 1994 by Psychopathic Records .
Simplified: The Terror Wheel is the second EP by the American Horrorcore band , Insane Clown Posse . It was released on August 5 , 1994 .