The 'FakeFormat' is a trojan program. Being run it overwrites boot sector and both FAT copies of diskette in drive A: assuming that there's a 1.44 mb diskette is there. After that a diskette boot sector contains a stub that will output:
This is a DATA disk only; Insery system disk, press any key when ready.
The trojan waits for keypress and if CTRL + C combination is pressed exits to system, otherwise it loops (starts ist code from the beginning).
Based on the settings of your F-Secure security product, it will either automatically delete, quarantine or rename the detected program or file, or ask you for a desired action.
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