'this' refers to the current DOM element in JavaScript, while '$(this)' is a jQuery object that wraps the current DOM element.
When used outside of a jQuery event handler, 'this' refers to the global object (window in a browser), while '$(this)' will throw an error.
When used inside a jQuery event handler, 'this' refers to the current DOM element that triggered the event, while '$(this)' is a jQuery object representing that element.
Using '$(this)' allows you to access jQuery methods and properties on the current element, such as 'addClass()', 'removeClass()', and 'attr()'.
Overall, 'this' is a JavaScript keyword that refers to the current DOM element, while '$(this)' is a jQuery object that provides additional functionality for working with that element.