I'd love to hear the backstory. Who on _earth_ goes looking for vulnerabilities in beep?!
Edit: also, there's a challenge about this in the program's README :-)
"Decide for yourself, of course, but it looks safe to me - there's only one buffer and fgets doesn't let it overflow, there's only one file opening, and while there is a potential race condition there, it's with /dev/console. If someone can exploit this race by replacing /dev/console, you've got bigger problems. :)"
I don't see where the race condition is, though.
Perhaps a user got curious how is this implemented, looked at the source, and was horrified with what they saw.