I've just googled your problem and this came up:
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This is usually an indication that the drive is about to fail just as it says, sometimes the drive will work for a small amount of time.
You might want to back up your data then use another hard drive. Since your computer is a laptop, you probably have to replace it soon.
Or, you can just turn off the warnings in the computer BIOS.
More info about SMART Failure:
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SMART monitors and records the change in certain drive characteristics over time such as spin up time, read errors, power on cycles, etc. to determine how much wear and tear the drive has on it and assigns each a value. It then compares your drive’s values to a database of failure rates to predict when it will wear out. So it doesn’t actually test the drive in the true sense of the word. Based on that, the error message implies that there isn’t necessarily anything wrong with your drive at this moment but statistics show most drives in this condition fail soon-replace it.