Lois mentions that she went to see a fortune teller who told her she was destined to fall for a guy who "flies a lot and likes to wear tights." This is an ironic allusion for the audience who know something that Lois doesn't know at this time about Clark Kent's future identity of Superman and his future with Lois.
The photo Jimmy Olsen took of Clark saving Lois is blurry - but it appears to allude to the Superman character - where his red jacket is trailed like Superman's famous red cape.
Jimmy Olsen states that he has been in Lois Lane's professional shadow ever since he joined the Daily Planet's staff. This is incorrect since, in the Smallville timeline, Jimmy was hired by the Planet before Lois Lane.
This is the third time that Clark has expressed an opinion on capes. In "Thirst", Clark wore a cape to a costume party at Lana Lang's sorority, and told Chloe, "I kind of like it. But the mask is uncomfortable." In "Action", Rachel Davenport gave Clark the red cape worn by the cinematic Warrior Angel; Clark dismissively hung it on the fence and followed Lana into the house. Here, he tells Oliver that "You looked ridiculous" and he won't try it himself, "Not in this lifetime".
Jimmy mentions meeting Tess in the elevator. As Cassidy Freeman points out in the DVD commentary for this episode, Jimmy and Tess never met onscreen.