The Wild Sense is a 'stance' that enables you to quickly duck and cover by pressing any Kick button during it.
It also acts as a counter; when Krillin is hit by a physical attack during the scaredy pose, he'll automatically perform the duck and cover.
The EX version now houses the different attacks you can perform out of the stance.
-LK makes Krillin do a back handspring, his legs kicking anyone close enough to him (you're gonna want to hit an opponent that's advancing towards you with it).
-MK makes Krillin leap up and forward, then shooting a Ki Blast diagonally down-forward.
-SK sees Krillin performing a Rocketman, propelling himself vertically off the ground.