In jQuery we can prefix variables that contain a jQuery object with a $, so that they are easily identified. Consider this example:
var $img = $(".someclass span.otherclass img");
/* somewhere later in the code */
$img.bind("click", function() {
/*...*/
});
Kudos to https://stackoverflow.com/a/6209503
I have also seen this usage in Magento 2 in vendor/magento/module-sales/view/adminhtml/web/order/create/form.js
var $el = jQuery('#edit_form')