LuaFWii v5.1.4 MOD 0.7 is a homebrew developed by the_marioga. It is a port of luaplayer for the Wii. It is a LUA file player.
LUA is a programming language that does not need to be compiled to be run.
Added features for managing files and folders (missing some that will be added) you can see in the details in the system txt
NEWS SOURCE: The Playground