It is a named fifo, but I guess it only works on the system where the filesystem is mounted.
Do you have a reader on this fifo ?
Are the writer and the reader on the same system ?
The fifo works like this : when a process opens the fifo, the kernel creates the pipe.
If another process opens the fifo, then the kernel know (from the name) that it is the same pipe as the one previously opened.
This can not work on two different machine. Ie if process A runs on client1 and process B runs on client2, then process A and process B can't communicate through the fifo, because a fifo is created on each machine.
The fifo does not exist until it is opened, and it only exits locally, it as no effect on the content of the filesystem.