Yes, it's a real hamlet in Austria and it's pronounced "fooking". The hamlet is named after the man who founded the village in the 6th century - his name is Focko. Link
If you can't go to Austria, you can go to this village instead. It's in Lancaster County, Pennsylvania. Link
If you like those two, chances are you'd like this List of Interesting or Unusual Place Names found in Wikipedia. My favorites are: Assawoman, Virginia and Buttahatchee River, Alabama.