pink wire = P = pistol

pipe n.

[common] Idiomatically, one's connection to the Internet; in context, the expansion "bit pipe" is understood. A "fat pipe" is a line with T1 or higher capacity. A person with a 28.8 modem might be heard to complain "I need a bigger pipe".

--The Jargon File version 4.3.1, ed. ESR, autonoded by rescdsk.