Constructors must have the same name as the class and can not return a value. They are only called once while regular methods could be called many times.

Yes. Add a main() method to the applet.

The code sleep(1000); puts thread aside for exactly one second. The code wait(1000), causes a wait of up to one second. A thread could stop waiting earlier if it receives the notify() or notifyAll() call. The method wait() is defined in the class Object and the method sleep() is defined in the class Thread.

If you assign a superclass object to a variable of a subclass's data type, you need to do explicit casting. For example: Object a; Customer b; b = (Customer) a; When you assign a subclass to a variable having a supeclass type, the casting is performed automatically.

You can't force GC, but could request it by calling System.gc(). JVM does not guarantee that GC will be started immediately.

This keyword indicates that the value of this member variable does not have to be serialized with the object. When the class will be de-serialized, this variable will be initialized with a default value of its data type (i.e. zero for integers).