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It's a high five that doesn't involve actually contact, normally over a long distance where a real high-five isn't possible.

Mix of "wireless" and "high-five", hence "wi-five", (wireless high-five)
Iain (yelling across the room): Dude, that mess was teh pwnz. Wi-five, brosef
Eric (in response): You need to chill with that nano shit, son
by Stampy October 27, 2004
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1. Slight sins or offenses
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by James Messina August 11, 2006
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2
when you see someone across the room but can't get to them so you raise your hands like a high-five but don't touch because of the distance. derived from wi-fi and high five. a wireless high five.
by Nix Vox Medicus November 11, 2008
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3
a nerdy way of saying "air five"

which is the true definition of a high five done when two people are too far apart to physically engage in a "high five"
John: I just got a Wii! Awesome!
Mack: High five!
John: You are too far away...
Mack: Wifive?
John: NO! Air five! hells yeah....
by Prashant Patel August 20, 2007
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4
A long-distance high-five, often referred to as an "air-five". Commonly used when a friend is too far away to reach and slap some skin, such as in a crowded party, on the dance floor, car-to-car, or in class.
Hey man, lay it on me... *holds up hand for high-five*. Oh you're sick? Well just Wi-Five me then.
by Capn Josh March 29, 2011
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5
Short for Wireless High-Five, used when you want to give a friend a high-five, but you are further then arms reach from each other. It doesn't involve any physical contact.
Benj: That $30 burger from Maccas was teh pwnz
Timmy: Wifive!
by Benj May 27, 2007
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6
When u want to high-five someone, but he is on the other side of the room and u both are drunk as fuck to reach out. Its a mix between "wi-fi" and "high-five". Its "high-five"-ing but without physical contact.
-Tell me now, bro, whats wi-five?
- Okay, look now, wi-five is like a high-five, but without cable connection.
- Nice! *wi-fives*
by tooooti May 03, 2015
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