Continuity mistake: While Chloe and Clark are on the horses, and Chloe is talking about the surveyors from Rickman Industries, when the shot is on Chloe's side, Clark is holding his reins in his right hand which is resting on top of his left. When the shot switches to Clark's side, as Chloe continues the story, and now Clark's right hand is under his left.
Continuity mistake: When Kyle goes to confront Rickman about coming to Smallville, Kyle is talking about how Rickman agreed not to do anything in Smallville and Kyle is pointing with his left hand. When the shot switches he is now pointing with his right.
Continuity mistake: When Kyle first confronts Rickman in his office and challenges him to a handshake, Rickman looks away. In the next shot on Kyle, Rickman is looking at him again. (00:13:20)
Answer: In the comics, Krypto is a dog from Krypton who was used as the passenger in a test launch by Jor-El, Superman's father, before he launched the actual rocket taking his infant son to Earth. Krypto's capsule was involved in a mishap, sending it out of Kryptonian orbit and eventually found its way to Earth where he linked up with the young Clark Kent. Like any native of Krypton, Krypto has superpowers on Earth. In Smallville, the dog is a standard Earth dog who has been experimentally injected with kryptonite, giving him super-strength for a limited period of time, who escapes and links up with Clark (who suggests the name Krypto, ostensibly because of the dog's cryptic origins). It doesn't take too long for the dog's strength to fade, and the Kents decide to keep him, although they ultimately name him Shelby, after a dog that Martha Kent had in childhood.
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