Factual error: During the movie, characters may use lingo that would not be understood easily in the time period of their counterparts. April for instance uses the word "cool" in the modern sense, and nobody questions that, but you could assume that they don't understand every word and infer nonetheless the meaning from the context. Walker however when he's about to fire his cannon uses an idiom "Try this on for size" that was coined in early XX century. (01:19:40)
Factual error: Raphael tells Yoshi that being a kid, he shouldn't think about war but rather fly "one of those things." He is pointing at kites who have artwork (kabuki-ish makeup with the modern japanese flag) that looks out of place for 1603. (00:56:40)
Factual error: The movie feels the need to justify the fact that everyone in 1603 Japan happens to speak English (something most kid movies just gloss over) by explaining that they are trading with Great Britain, and therefore the locals picked up the language. That's real cute, but also blatantly false. Trade with the British empire was rather sparse, mostly with Dutch mediation, and knowledge of the English language was practically nonexistent - here, any peasant and even kids are practically bilingual.
Answer: I don't belive it has a set name, other than giggle or laughter it is just a generic sound. Much like the Wilhelm, which I think fans named after hearing it in a lot of movies.
NoWhereMan
Ben Burtt, a sound designer who used the scream, is the one credited for naming it the Wilhelm scream. It's named after the character Private Wilhelm in the film "The Charge at Feather River" when the scream is dubbed in after he's shot.
Bishop73