Coax has higher modes as well, when lambda is on par with the radius. These should be equivalent to acoustic waves traversing the pipe. It's still not going to be equivalent, because the pipe doesn't have the boundary condition in the center (the wire) that coax does (which should have particularly noticable affect when the radii are close together, where the line looks more like a parallel plane transmission line with one dimensional periodic boundary conditions, i.e., you can get waves spiraling around at various pitches as well as axial propagation).
It's weird to make a spacial analogy, because the nature of the boundaries are different. In acoustics, V is zero at the surface; in E&M, E is perpendicular and B is parallel at the surface. Acoustic waves are carried in the bulk medium, while at high frequencies, electrical current flows in sheets on the surface of a conductor.
An acoustic-only (AC) transmission line can be made with a single "conductor", whereas this is harder to achieve in E&M (not used often AFAIK, but see Goubau line).
It is of note that any 'DC' mass OR electron flow down a single pipe/conductor has an implicit return path, be it through the air or ground, or through another pipe or conductor.
Tim