Every comment here at time of writing is from people thinking that this is a way of searching the web using regular expressions. It is not.
It is a way of taking a regular expression and an input and then applying that regular expression to that input. In this particular example it takes the regular expression:
/(?x: (\w+) \s (\w+) )/
And applies it to:
"hacker news"
And then spits out the result:
"hacker | news"
Representing the two captured results.