Answer:
As other client side libraries like MooTools, Prototype can be used with jQuery and they also use $() as their global function and to define variables. This situation creates conflict as $() is used by jQuery and other library as their global function. To overcome from such situations, jQuery has introduced jQuery.noConflict().
jQuery.noConflict();
// Use jQuery via jQuery(...)
jQuery(document).ready(function(){
jQuery("div").hide();
});
jQuery.noConflict();
// Use jQuery via jQuery(...)
jQuery(document).ready(function(){
jQuery("div").hide();
});