How can I get Terminal to accept mouse clicks the way PuTTY does (eg inside elinks)? When running ncurses-based tools like elinks, PuTTY (for Windows) allows you to click on links.

However, in Terminal, you need to navigate via keyboard.

Is there a way to get Terminal to pass-through clicks the way PuTTY does? If not, is there a terminal emulator for OS X that will do that?
I don't think this is possible on Terminal app. But, if you want this functionality you should try a Terminal alternative like iTerm2, where you can do it with ⌘ + click.