Connection to the webserver through the FTP client is not functioning. Can you try publishing thru the WYSIWYG editor? Send a trouble ticket through your GoDaddy control panel regarding the Broken Pipe issue or check their FAQ's.
Two possible fixes for your problem:
First, always flush your browser cache (Temporary internet files) after making *any* changes to your configuration or access-control code. This forces the browser to send your request to the server where your code can have some effect, rather than serving your request from its locally-cached copy of the page.
Second, you may need to add the line
Options +FollowSymLinks
ahead of the code posted above. If not already set by your hosting company in your server's configuration, this will be required in order to enable mod_rewrite, as stated in the documentation.
So with that and a few other fixes and speed-up tweaks, you get:
Options +FollowSymLinks
RewriteEngine on
RewriteCond %{HTTP_HOST} ^www\.example\.com¦192\.168\.127\.1 [NC]
RewriteRule (.*) http://example.com/$1 [R=301,L]
In some cases, attempting to add this Options line may cause an error if your host has already set it up and does not allow "users" to change Options settings.
Change the broken pipe "¦" character above to a solid pipe before attempting to use this code; Posting on this forum modifies that character