Flash Card Master can save to LaTeX format, but cannot open it. The .tex file itself is not very useful, but you can use MikTeX and TeXnicCenter to transform it to PS or PDF.
\documentclass[12pt,letterpaper,oneside]{article}
\usepackage{ulem}
\title{Flash Card List}
\author{Douglas Adams}
\date{\today}
\begin{document}
\maketitle{}
\begin{description}
\item[Answer to Life, the Universe, and Everything] 42
\end{description}
\end{document}
Example B.2. Sample TeX output