Agility
Agility is Pichu's Up B move. When performed, he will make a quick teleport-like action in any direction. Inputting another direction during this first teleport allows Pichu to immediately perform a second teleport upon finishing the first. Unlike Pikachu's Quick Attack, any enemy caught at the mid or end point of these teleports will not be dealt any damage. Pichu will also be dealt 1% damage for the first teleport and 3% if he uses the second teleport.
Origins
In the Pokémon games, Agility greatly increases a Pokémon's Speed, and can be stacked up to 3 times. Competitive battlers usually make it so that after one Agility, the user is faster than most other Pokémon, ensuring that they go first.
Other uses
Pichu's up B has 1 frame of lag if you hit the ground right making it the most lagless move in SSBM ,but if you mess up you have 14 frames of lag. you can quickly jump and use up b and then input another attack look at http://www.smashboards.com/showthread.php?t=221079 or http://www.smashboards.com/showthread.php?t=74226 for more details and tricks.