There is no "guest character" slot in Mario Kart Wii. You cannot insert a custom avatar beyond the 24-character roster (plus Miis). The game's character select screen is fixed.
Each player picks from the standard roster + Miis. No "Player 5" or guest slots.
With a modded Wii (Homebrew Channel + CTGP-R / Riivolution), you can play 200+ custom tracks. This does not add new character slots. Character roster remains hardcoded.
Nintendo Wi-Fi Connection shut down in 2014. Wiimmfi (wiimmfi.de) restores online multiplayer for Mario Kart Wii (and 50+ other games). Requires:
For a personalized race: make a Mii, grab friends, play locally or on Wiimmfi. The roster is fixed—but your Mii is you.