Factual error: Lex crashes and his car lands on its roof, but in the span of a few seconds it has sunk straight to the bottom, and turned the right way up. Cars don't sink that quickly. (00:17:25)
Factual error: When the bug kid crashes his car, he's driving a VW Beetle, which has the motor in the rear, therefore would not have shut off in a head on collision.
Factual error: Lana says the theme of her mother's prom was Saturday Night Fever, but she was in the class of 1977. Prom would take place sometime before graduation (which would be in May, maybe June), likely February or March. Filming for "Saturday Night Fever" didn't even begin until March 1977.
Answer: No, there is no such character in the comics. He's a "meteor-freak" like all the other baddies on the show. The sound has something to do with him vibrating his vocal cords very fast to create a high-pitched squeal.