Throwout bearing squeek

So my throwing bearing is squeeking like a madman (goes away when I push in the clutch). Is this something that needs to be fixed emergently or is it nothing more than an annoying noise? Also, why does letting the clutch out cause the noise? What is the throwing bearing contacting that's moving?

 

see that button up there that says search? its not just for looks.

 

The bearing is vibrating against the fingers on the clutch cover. Press in the clutch, that puts pressure against it and stops the vibration. Let it go long enough and you will need the clutch cover as well as the updated bearing, fork, and release cylinder. In theory, let it go long enough and it can cause a catastrophic failure. So far, noone on this board has reported that happening to them. I drove mine for 5K miles before getting it dealt with. The entire clutch was replaced. I never saw the parts, so not sure about wear to the cover on mine.