H.W. Crocker, III:
In response to Todd's post below, a bit of googling establishes that H.W. Crocker, III, is in fact a real person. He didn't go to Princeton, but was apparently hired to write the piece in Prospect nonetheless. Here is a story (including a picture) about a lecture Crocker gave to promote a recent book; here is a bio I found online. Perhaps parts of Crocker's article were exaggerated for shock value or (lame attempts at) comic effect, a la modern-day Ann Coulter. But it seems unlikely to me that a man who currently writes for Southern Partisan magazine intended that 1983 article as a satire.

  UPDATE: In response to comments, let me clarify that my last sentence refers to the article as a whole — which is a criticism of Sally Frank's lawsuit — rather than every claim in the article. I gather that the author was trying to use a mix of serious criticisms and occasional Coulteresque over-the-top statements to criticize Frank's lawsuit. I mentioned Southern Partisan because the author's connection to that magazine semeed to rule out Todd's suggestion that the whole article might have been an elaborate joke poking fun at paleoconservative views.