https://rosettacode.org/wiki/Rosetta_Code is a similar website for people interested in this sort of thing
I think the idea is to provide an easy way to embed dynamic content into the text of a Wikipedia article. This should provide a nice compliment to the way WikiData is used to dynamically insert data into articles.
Note: I worked for the Wikimedia foundation in the past, however, I wasn't involved with WikiFunctions. I just have some vague memories of internal product planning discussions about the feature.
[1]: https://lists.wikimedia.org/hyperkitty/list/wikitech-l@lists.wikimedia.org/message/2MMGKQV5EDDXR27RLQVCZ6TCYIXK2R24/
[2]: https://en.wikipedia.org/wiki/Wikipedia:Luahttps://www.wikifunctions.org/wiki/Wikifunctions:What_Wikifu...