This cable is called the IDE/ATA ribbon cable and connects the CD or DVD drive, and Zip drive to the logic board. This connector is located on the left side of the logic board, near the hard drive(s), and is closest to the rear panel. The small hole or gap is 1mm x 4mm and is on the 67th lead (counting from the first lead at the rear of the computer) of the cable shown in Figure 1.
Figure 1: IDE/ATA ribbon cable (gap highlighted).
The IDE/ATA ribbon cable was designed to have this small gap, there is no need to have the cable or computer serviced.