Well, considering his reaction to Naruto's Ninja Centerfold Technique (later renamed "Sexy No Jutsu" in the show), which was a bloody nose, I wouldn't put it past him! However [SPOILER:] he dies early in the series, too early for Masashi Kishimoto-san to say.
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No. Jiraiya wrote it and he doesn't exist.
He reads a book series called Icha Icha or Make out. It is written by Jiorya. It is a erotic series about the author's experiences with love. What the book is about is still a mystery, but book three: Make out tactics kinda blows the whole mystery thing. There are 3 books in the series called: Make out Paradise Make out violence Make out tactics
Its the script for the movie adaptation of Icha Icha ( The hentai book Kakashi is always reading) which is why he comments so highly on it.
Kakashi's only weakness is his love of Icha Icha. He is the only Konoha Shinobi that has a number of jutsu even Orochimaru would be jealous of and his Taijutsu & Genjutsu skills could match both Gai and Itachi. Naruto, surprisingly was smart enough to trick Kakashi's sharingan and get a bell by telling him the supposed ending of Jiraiya's new book. - Naruto Master 1514
He is the leader of team 7. And the only person not from the uchiha clan excluding danzo with sharingan. He is also a top ranking jounin. The reason why he has a sharingan is because his childhood friend, Obito Uchiha, gave it to him cuz Kakashi's left eye was damaged and also, Obito was the only one who didn't give Kakashi a present. True, Kakashi is a great jounin with very powerful sharingan. He is also sort of an uncle figure to Naruto, Sakura and many other kids in the academy