To understand failure behavior of pipe thinned by flow accelerated corrosion, in this study, the pipe failure tests were performed on 102mm-Sch.80 carbon steel pipe with various local wall thinning shapes, and the failure mode, load carrying capacity, and deformability were investigated. The tests were conducted under loading conditions of 4-points bending and internal pressure. The experimental results showed that the failure mode of thinned pipe depended on magnitude of internal pressure and thinning length as well as loading direction and thinning depth and angle. The variation in load carrying capacity and deformability of thinned pipe with thinning length was determined by stress type appled to the thinning area and circumferential thinning angle. Also, the effect of internal pressure on failure behavior was dependent on failure mode of thinned pipe, and it promoted crack occurrence and mitigated local buckling at thinned area.