A Visual Fault Locator sends a beam of visible light down the fibre so that you can check for damage to the sheath or for poor connections or breaks. If there is a fault the light, typically red in colour, will spill out. Fibre networks operate in the infrared region so you would not be able to see anything in an active fibre cable and, of course, you should never look directly into a fibre cable under any circumstances.
A sample report from the OWL Wavetester kit can be seen on OWL's website.