We show that thermal non-commutative field theories admit a version of "cha
nnel duality" reminiscent of open/closed string duality, where non-planar t
hermal loops can be replaced by an infinite tower of tree-level exchanges o
f effective fields. These effective fields resemble closed strings in three
aspects: their mass spectrum is that of closed-string winding modes, their
interaction vertices contain extra moduli, and they can be regarded as pro
pagating in a higher-dimensional "bulk" space-time. In non-commutative mode
ls that can be embedded in a D-brane, we show the precise relation between
the effective "winding fields" and closed strings propagating off the D-bra
ne. The winding fields represent the coherent coupling of the infinite towe
r of closed-string oscillator states. We derive a sum rule that expresses t
his effective coupling in terms of the elementary couplings of closed strin
gs to the D-brane. We furthermore clarify the relation between the effectiv
e propagating dimension of the winding fields and the true codimension of t
he D-brane.