The word means the same thing as ex-wife. You're texting is much quicker to write wifex because ex-wife requires a hyphen that requires switching to symbols on many phones. I'm already a slow texter.
That is my wifex, my sons Mom.
Basically your future ex wife.
Dude 1: "That chicks smoking"
Dude 2: "4sho, She could be my wifex"
Basically wifex means "future ex-wife"
Walking down the street with your pals
You: "That Bird from last night was fine"
Dude 1: "Yea, she could totally be my wifex"
Dude 2: "Mine too"