banging the wife is code for losers who have wife's that won't give them any sex. so they lie to their buddies and say they were busy banging the wife which is code for fapping or making love to one's self.
Matt was getting owned by Nick in a meme war and couldn't think of anything to say. So matt said " I was banging the wife." Matt was really fapping or making love to himself while he watched a jib jab movie he made of Nick doing a striptease.
by the meme war master May 8, 2016
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