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The fact that Kieran Culkin aka Roman Roy plays Wallace isn't one of the details, but it's still awesome.
Additionally, two of those seven X signs are white and the other five are yellow. At this point in the movie, Scott has defeated Matthew and Lucas, and five more exes remain.
It could also reference that he and Ramona just had a big fight, so he's kinda half an ex at the moment.
Brie Larson sang the version in the movie, so if you've never heard Haines sing the original version, it's definitely worth a listen.