When curvature and torsion are given a curve is fully defined (upto Euclidean motions) in 3-space.
$ k=const , \tau = 0 $ represents a circle in a plane ;
But what does the space curve
$$ k =0 , \tau= const,$$
represent?
The center line $ (u=0) $ of a right handed twisted helicoid with parametrization $( u \cos v, u \sin v, c \;v ) $ is a good example.
Curvature/Torsion of $u=0$ line of helicoid.
Clearly u=0 is a straight line at the helicoid mid with zero curvatures ( both normal (asymptotic $ k_n=0$) and geodesic $k_g=0$ ) as valid for a full straight line.
Using Enneper-Beltrami theorem torsion of the central parametric line at $\; u=0$ is found constant:
Evaluating Gauss curvature K
$$ K= \dfrac{-c^2}{(c^2+u^2)^2}, \tau = \sqrt{-K}= \pm \dfrac {1}{c}$$
The sign for the torsion of right helicoid is positive and, for the left handed helicoid it is negative.
A physical example is of a long human hair that can be twisted right or left with constant torsion even if the twist is not clearly visible. Other examples include long straight portions of DNA and other polymer molecules which inhabit such a surface.
EDIT1:
In another example the straight line parameterized by $$(x,y,z)= (a, b t, c t) $$ has zero curvature and non-zero torsion in this example when it becomes asymptotic on certain (arbitrary?) surfaces surfaces of negative Gauss curvature.
EDIT2:
What I meant by torsion without curvature is shown in the first figure Twist of Helicoid's straight/geodesic Spine. The special asymptotic line intrinsically characterizes how twist occurs during parallel transport in tangent spaces.