I would like to learn how to find them in the wild.
It's really not that difficult. They are a VERY needy mushroom though. They require a huge nutrient rich soil base and are extremely finicky about weather and moisture. The season is basically over as anything left around here is dry and sparse.
Hunting for morels is all about looking for the best locations. I have two words for you... DEAD ELMS! Elm trees that are dying and are just beginning to lose their bark are the most nutrient rich in this area. If you're hunting for them you need to pick a good foresty area full of tree's and not too much undergrowth. One of the things to look for is something called "Fingers of the forest". I don't really know the reasons why; although I have my assumptions, but they pop up more often not too terribly far from the edge of a woods. The fingers of a forest are thin branches of the woods that are coming to an end. Pretend you are looking at an aerial view of the area. The skinny and long woods are your best bet most of the time.
Once you've got a location picked out you need to know what they look like before you start hunting. As was already posted their are two variations and one semi-lookalike that will kill you if you eat it. Morel mushrooms have a generally short stem and are completely hollow all the way through. They can either be a golden color or a darker grey color. (Usually the goldens pop up early and often while the greys pop up later and more sparse but that could be coincidence) The false mushroom looks like a majorly deformed morel but with a thick base and is meaty (not hollow) all the way through. So long as you check to assure you have hollow mushrooms then you have morels! They are actually very camouflaged so staying in a crouched position and walking slowly through a soft moist area is the best way to look. As I said before keep an eye out for dead elm trees. They are usually swarming the soil if you find one in the best decaying stage.
Once you have found a morel mushroom STOP. Don't pick it quite yet. Look around very carefully and make sure you aren't about to step on any more. If you find one you almost always find at least a few more and sometimes you'll get lucky and find up to 80+ in one small area of tree's. When you are going to pick a mushroom you use a pinching motion with your fingers. Don't rip it out but rather pinch the stalk off leaning a little bit sticking out of the ground. One important thing that you should know is that giving the mushroom a good shake when you pick it, and carrying a bag with small holes in the bottom is preferred. The spores will come loose and litter the ground which means more next season, or even this season if it's early enough. Keep a mental picture of when you find good amounts in one area as they may very well be back in the coming weeks.
That is generally morel mushroom hunting and if I missed anything I'll edit it in or someone can add to it. It's really a fun experience to go out foraging for mushrooms and then come home and cook them using your favorite recipe. I prefer the straight out frying in butter and flour and adding a little salt. Coupled with a hamburger on the grill and you've got yourself one hell of a meal.
edit: thanks deefib haha I have no idea why I decided to make trees belong to the elms.