See if it sounds like any of these:
http://datacent.com/hard_drive_sounds.phpYou can try freezing it (put it in the freezer) and sometimes you can get some more life out of it, maybe enough to recover files. You will have to keep moving it back to the freezer every time it gives up though. I know this sounds weird but sometimes it works, if it's already broken you don't have much to lose though right?
I had a hard drive do this and I let it sit on the shelf for awhile and now it works O_o I use it in my PS2 now. Maybe the head got stuck and it just needed to be banged around a bit. I'm not really expecting it to last much longer though. So I guess you could try banging it on a desk or something although I only really put it on a shelf, maybe it fell over or something.