This is my commentary on Ephesians 5:15-33. My words are in the brackets. These are appeals to a freed conscience, not commands to a bound conscience. You are not under the law; you are under grace. I used the Christian Standard Bible, and I removed the word Submit from verse 22 since it is not there in the original text.

“Pay careful attention, then, to how you live ​— ​not as unwise people but as wise — making the most of the time, because the days are evil. [Jesus has redeemed the time at the cross, and at the resurrection.] So don’t be foolish, but understand what the Lord’s will is. [The Lord’s will for you: your sins are forgiven and you are holy for the sake of Christ, crucified and resurrected.] And don’t get drunk with wine, which leads to reckless living, but be filled by the Spirit: speaking to one another in psalms, hymns, and spiritual songs, singing [this is practiced in the gathering of the church body] and making music with your heart to the Lord, giving thanks always for everything to God the Father in the name of our Lord Jesus Christ, submitting [voluntarily yield] to one another in the fear [reverence] of Christ. Wives to your husbands as to the Lord, because the husband is the head [union]of the wife as Christ is the head [union] of the church. He is the Savior of the body. Now as the church submits [voluntarily yield] to Christ, so also wives are to submit [voluntarily yield] to their husbands, in everything. Husbands, love your wives, just as Christ loved the church and gave himself for her [Jesus lived blameless, was crucified, and resurrected to set us free from wrath, sin, law, and death] to make her [church body] holy, cleansing her [men & women] with the washing of water by the word [washed with this word: your sins are forgiven and you are holy for the sake of His name]. He did this to present the church to himself in splendor, without spot or wrinkle or anything like that, but holy and blameless. In the same way, husbands are to love their wives as their own bodies. He who loves his wife loves himself. For no one ever hates his own flesh but provides and cares for it, just as Christ does for the church, [Christ to the church: this is my body which is given for you for the forgiveness of sins] since we are members of his body. For this reason, a man will leave his father and mother and be joined to his wife, and the two will become one flesh. This mystery [union] is profound, but I am talking about [union] Christ and the church. To sum up, each one of you is to love his wife as himself, and the wife is to respect her husband.”

Commentary:

“To sum up” is an appeal to the husband to consider how he enjoys being treated with respect, deference, honor, etc. and to treat his wife that way too. The wife has the Holy Spirit as her spiritual leader, as does the husband. The wife has her own spiritual gift, separate from her husband, that she is free in Christ to cultivate, as he does as well. This is an appeal to the wife to respect her husband in the same manner. Each can keep their personalities, emotions, hobbies, desires, and rest in the promise that God is pleased with them on account of Christ’s merits.

This section of text is not an appeal for the husband to sanctify his wife and “get her ready for Jesus”. The husband is not the savior of the wife. The wife and husband are already sanctified by Christ when they hear: your sins are forgiven and you are holy for Jesus’ sake, see 1 John 2:12. The foundation for right relationships in the family is to submit to one another out of reverence for Christ. Both are free in Christ to consider how to live with one another peaceably, as far as they are able to.