Other mistake: Early in the episode, Clark uses his heat vision to blow up a police car. In the shot where we see the policewoman diving for cover, there is a front view of the car as it is exploding. The license plate on the front of the car IS a Metropolis plate, however, as the plate falls off, the white placard that auto companies and dealerships place in the license plate frames on new vehicles before they are registered and which are removed once plates are installed is visible. (00:07:10)
Other mistake: When Clark confronts Jason Dante and tells him the race is off, one of Dante's thug friends picks up the krptonite/nitrous oxide booster tank and only then does Clark start feeling the effects of the kryptonite. Even though the tank had been sitting out uncovered well before the guy picked it up.
Other mistake: In the flashback to 1961, "Splendor in the Grass" is playing at the Talon. However, the film was released in October of 1961 and Louise McCallum was killed in June of 1961. So the flashback would be set before the film was released.
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.
Tailkinker ★