jQuery Deconstruction | What does this refer to?

What does this refer to in the init function below from jQuery latest

When a method is called from an object, this usually refers to the object that holds the method.

However in this case the method is called using the new keyword.

Does this change what this points to or does it still point to the object that holds the the method, in this case that would be - jQuery.fn.init()

jQuery Deconstruction

jQuery is globalized like this:(line 9422)

window.jQuery = window.$ = jQuery;

jQuery is defined here:(line 42)

jQuery = function( selector, context ) {
    // The jQuery object is actually just the init constructor 'enhanced'
    return new jQuery.fn.init( selector, context, rootjQuery );
},

jQuery.fn.init is defined here:(line 95)

jQuery.fn = jQuery.prototype = {
    constructor: jQuery,
    init: function( selector, context, rootjQuery ) {
        var match, elem, ret, doc;

        // Handle $(""), $(null), $(undefined), $(false)
        if ( !selector ) {
            return this;
        }

        // Handle $(DOMElement)
        if ( selector.nodeType ) {
            this.context = this[0] = selector;
            this.length = 1;
            return this;
        }

        // Handle HTML strings
        if ( typeof selector === "string" ) {
            if ( selector.charAt(0) === "<" && selector.charAt( selector.length - 1 ) === ">" && selector.length >= 3 ) {
                // Assume that strings that start and end with <> are HTML and skip the regex check
                match = [ null, selector, null ];

            } else {
                match = rquickExpr.exec( selector );
            }

            // Match html or make sure no context is specified for #id
            if ( match && (match[1] || !context) ) {

                // HANDLE: $(html) -> $(array)
                if ( match[1] ) {
                    context = context instanceof jQuery ? context[0] : context;
                    doc = ( context && context.nodeType ? context.ownerDocument || context : document );

                    // scripts is true for back-compat
                    selector = jQuery.parseHTML( match[1], doc, true );
                    if ( rsingleTag.test( match[1] ) && jQuery.isPlainObject( context ) ) {
                        this.attr.call( selector, context, true );
                    }

                    return jQuery.merge( this, selector );

                // HANDLE: $(#id)
                } else {
                    elem = document.getElementById( match[2] );

                    // Check parentNode to catch when Blackberry 4.6 returns
                    // nodes that are no longer in the document #6963
                    if ( elem && elem.parentNode ) {
                        // Handle the case where IE and Opera return items
                        // by name instead of ID
                        if ( elem.id !== match[2] ) {
                            return rootjQuery.find( selector );
                        }

                        // Otherwise, we inject the element directly into the jQuery object
                        this.length = 1;
                        this[0] = elem;
                    }

                    this.context = document;
                    this.selector = selector;
                    return this;
                }

            // HANDLE: $(expr, $(...))
            } else if ( !context || context.jquery ) {
                return ( context || rootjQuery ).find( selector );

            // HANDLE: $(expr, context)
            // (which is just equivalent to: $(context).find(expr)
            } else {
                return this.constructor( context ).find( selector );
            }

        // HANDLE: $(function)
        // Shortcut for document ready
        } else if ( jQuery.isFunction( selector ) ) {
            return rootjQuery.ready( selector );
        }

        if ( selector.selector !== undefined ) {
            this.selector = selector.selector;
            this.context = selector.context;
        }

        return jQuery.makeArray( selector, this );
    },

makeArray is defined here:(line 637) // not used in basic selection on an id

makeArray: function( arr, results ) {
    var type,
        ret = results || [];

    if ( arr != null ) {
        // The window, strings (and functions) also have 'length'
        // Tweaked logic slightly to handle Blackberry 4.7 RegExp issues #6930
        type = jQuery.type( arr );

        if ( arr.length == null || type === "string" || type === "function" || type === "regexp" || jQuery.isWindow( arr ) ) {
            core_push.call( ret, arr );
        } else {
            jQuery.merge( ret, arr );
        }
    }

    return ret;
},