Creates a named-pipe (aka FIFO)
A named pipe, also called a FIFO for its behaviour, can be used to connect two unrelated processes and exists independently of the processes; meaning it can exist even if no one is using it. A FIFO is created using the mkfifo() library function.
What is considered related processes?
Probably processes which are related via one or more parent/child relations (e.g. includes siblings). The common ancestor would have created the two ends of the pipe. Unrelated processes lack that common ancestor.