Extremely high aspect ratios, molecularly smooth hydrophobic graphitic walls, and nanoscale inner diameters of carbon nanotubes give rise to the unique phenomenon of ultra-efficient transport of water and gas through these ultra-narrow molecular pipes. Water and gas molecules move through nanotube pores orders of magnitude faster than through other pores of comparable size. The proposed water transport mechanism has a distinct similarity to the transport mechanisms of biological ion channels. Molecular dynamics simulations and experimental measurements of water transport underscore the importance of nanotube structure in enabling ultra-efficient transport through the pore.