### Perl 5 x 65 = 325 chars

    perl -E '
    $r=11;$p=atan2(1,1)/7.5;sub c{($A,$R,$C)=@_;$a[$r-$R*cos($A*$p)][
    $r+$R*sin($A*$p)]=$C." "x($C!~/../)};while(::){@a=map{[map{"  "}(
    0..$r*2)]}(0..$r*2);map{c$_*5,$r,$_}(1..12);@t=localtime;for$i(qw
    |H:6:5:2 M:8:1:1 s:9:1:0 |){($S,$P,$F,$T)=split":",$i;map{c$F*$t[
    $T],$_,$S}(do{$T?1:$P}/10*$r..$P/10*$r)};map{say@{$_}}@a;sleep 1}
    '

On a 24 lines console look good (It's **00:12:56**):

                        12                        
              11                    1             
                    s                             
                                                  
                                                  
      10                  H                 2     
                          H                       
                          H                       
                          H           M M         
                          H     M M M             
                          M M M                   
    9                                           3 
                                                  
                                                  
                                                  
                                                  
      8                                     4     
                                                  
                                                  
                                                  
              7                     5             
                                                  
                          6                       


And there is a colored, nicer and smarter version:

    #!                               /usr/bin/perl
                            use Time::HiRes qw|sleep time|
                         ;$h=11;$h=$ARGV[0]if$ARGV[0];$P=atan2
                     (1,1)/7.5;$V =4*$h; $v= 2* $h+ 1;@r=(0..2*$v)
                  ;sub p{printf @_       }sub        b{ return"\e[1m"
                .pop."\e[0m"              };$              |=p"\e[?25".
               "l\e[H\e[" ."J"            ;$             SIG{ 'INT'}=sub
             {p"\e[?1"    ."2l"                        ."\e"     ."[?25h".
          "\e[%dH"        ."\e"                       ."[J"      ,$v+2;exit;
          };@z=map                                                  {[map{" "
         }@r] }(0                                                     ..2*$v);
        @Z=map{[@                                                  {$z[$_]}]}@r
       ;sub c{($A,$r ,$s                                       )=@_;$z[$h-$r*cos
      ($A*$P)    +.5 ][$h+$                                 r*sin($A*$P)+.5]=$s;}
      for$x(        0..$h) {$y=                         int(sqrt($h**2     -$x**2
     )+.5);$         z[$h-$x][$h-$                  y]=".";$z[$h+$x        ][$h-$y
     ]=".";             $z[$h-$x][$h+$           y]=".";$z[$h+$x            ][$h+$
    y]=".";                $z[$h-$y][$h-$    x]=".";$z[$h+$y                ][$h-$x
    ]=".";                    $z[$h-$y][$h+$x]=".";$z[$h+                    $y][$h
    +$x]="."};map{               c$_*5,$h,b$_}(1..12);                @R=map{[@{$z[
    $_]}]}@r;while                (::){@t=localtime;                   p"\e[H\e[1;$
    {V}H%0"                       ."2d\e[${v}H%02d\e"                        ."[${v
    };${ V                         }H%02d",$t[2],$t[                         1],$t[
     0];@z=                         map{[     @{$R[                         $_]}]}(
     0..2*$                                                                 v);for
     $i('H:'                                                              .'65:5:'
      .'2:4',     ""                                               x1    .'M:78:'
       ."1:1" .":2",                                               "s:8". "7:1:"
        .'0:6'){($                                                  l,$p,$F,$u,$
         c)=split                                                    ":",$i;map
          {c$F*$t                                                     [$u],$_
           ,b("\e["                                                ."3${c}m$
            l")}(do{$u     ?1:$                         p} /     100*$h..$p
              /100*$h);}  $z[$            h][            $h]=  b((".","+"
                ,"*","o","O")             [$t             [0]%5]);for$x
                  (@r){for$y(@r           ){$           Z[$x][$y]ne$z
                     [$x][$y]?p"\e[%d;%dH".$z  [ $x] [$y],$x+1,2*$
                        y+1:''};};@Z=map{[@{$z[$_]}]}@r;$n=1-$1
                            if time=~/(\..*)$/;p"\e[H\e[7m"
                                   ."S\e[0m";sleep$n}

This version is **strongly** linked to [this other answer][1].
So you could find an [upgraded version there][2] or on this [ascii-clock for geeks][3] web page.

As a demonstration that doing *approx* same in [tag:perl] require less resources:

    $ ascii-clock.pl 7

    After     PMem   PCpu      Mem
        0' 0"  0.0%   0.0%    23.5M 
       10'30"  0.0%   0.0%    23.5M 
     1h 0' 0"  0.0%   0.0%    23.5M 
     2h 0' 0"  0.0%   0.0%    23.5M 

for approx same features:

 -  wait for begin of each seconds for doing a refresh
 -  draw with color and bold attributes
 -  draw full circle with dots, hour tick, hour and minutes full path and a `s` dot for second handler.
 -  draw *digital* clock prompting *hour* at top right, *minutes* at bottom left and *seconds* at bottom right.
 -  prompt a `S` at top left, when *sleeping* (look for difference with [tag:bash] version)

Plus

 - The upgraded version authorize `-a` argument for drawing hour and minute path in fraction (11h59 place hour path approx at 12h).

### Let another perl version!!!

Using the following (beautiful) picture:

![A wonderful representation of perl code][4]

Than you could simply:

    curl https://i.sstatic.net/xvbHP.png |
      perl -e 'use GD;GD::Image->trueColor(1);$i=GD::Image->newFromPng(
          STDIN);my($x,$y)=$i->getBounds();for my$k(0..$x-1){for my$l(0
          ..$y-1){$_.=pack"UUU",$i->rgb($i->getPixel($k,$l))};};eval'

Ok, this require having gd2-perl installed. But you could replace `curl` by `wget -O -` ;-)

( Note: This picture is near 1.5Kb. I've built another *same* picture, but 900 bytes length. You may find this picture, well as a [tag:javascript] version of same at [ascii-clock for geeks][3] :-)

  [1]: http://codegolf.stackexchange.com/a/13007/9424
  [2]: http://www.f-hauri.ch/vrac/ascii-clock-pl.txt
  [3]: http://fhauri.cartou.ch/ascii-clock/
  [4]: https://i.sstatic.net/xvbHP.png