Revive 1/2 dead HDD?

I have an old 40GB HDD I got from someone. It appears to me as though it is half dead, but not completely.

When I plug it in and power it up, it seems OK. When I try to access it, it just keeps making clicking noises. However, it shows up correctly as being a 40GB volume.

I have no idea if there is any data on it, nor do I care to recover any data from it. I was going to format it anyway.

So my question is: Is there any way to revive this HDD, or is it dead?

I am using Ubuntu 14.0.4.