Who tf names their baby Mite, is it short for Mitael?
Futurism
A place to discuss the ideas, developments, and technology that can and will shape the future of civilization.
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(1) Concepts are often better treated in isolation -- eg: "what if energy became near zero cost?"
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Mite is slang for something very small. It's the name of a very very tiny insect. So it is probably being used here as a term of endearment.
It's a bit of English slang that fell out of use decades back. It's an endearing way if refering to a small child. It fits perfectly with the age of the comic.