I\'ve seen some discussions on SO regarding $(this) vs $this in jQuery, and they make sense to me. (See discussion here for an example.)
Bu
It's quite simple: $this = $(this). It's just a shorthand used in the scope of the inner function. The dollar sign is just a character in this case, it doesn't refer to jQuery at all. It might just as well have been named _this or xthis, the $ is just a reminder of what the variable contains.
It may seem pointless, but it eliminates three redundant method invocations (the $() function isn't free) so it is most likely used there for performance reasons.