Going back to my earlier link: https://www.youtube.com/watch?v=jLfD1AFsb1I is funny but....
My main concern would be if the sound caused someone to swerve and crash could the horn blower be held liable for damages?
Having a extremely loud horn could be seen as intended action. Even if not held liable would anyone want to be responsible for a car swerving into an innocent party?
Let's just say I wouldn't want to be the test case, with the current legal climate.