Sexy sexy lemon pexy is used by Aussie high school students, particularly in Sydney. If someone refers to something as sexy sexy lemon pexy it means that they calling it sexy in a joking matter and do not actually consider it sexy. Sexy sexy lemon pexy is also a branch of 'lemon' slang, other 'lemon' slang includes "fancy wancy lemon clancy" or "nasty wasty lemon pasty".
If your mate showed you a picture of someone trying to be sexy you would say "sexy sexy lemon pexy". Or if someone was trying to be sexy/jokingly being sexy you would say"sexy sexy lemon pexy".
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In Australia, it can mean 2 things, depending on the context. It can either mean an extreme dickhead or mate.
For example "Oh yeah mate she's a stupid cunt", that is derogatory but if you said "sick cunt" then that is just replacing the word mate.
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Fancy wancy lemon clancy refers to something fancy in a joking way. This is particularly used in Sydney high schools and is part of the 'lemon' slang branch, which includes phrases like 'sexy sexy lemon pexy' and 'nasty wasty lemon pasty'.
If you were taking the piss out of someone who was posh you would say that their 'fancy wancy lemon clancy'.