sleep(): It is a static method on Thread class. It makes the current thread into the "Not Runnable" state for specified amount of time. During this time, the thread keeps the lock (monitors) it has acquired.

wait(): It is a method on Object class. It makes the current thread into the "Not Runnable" state. Wait is called on a object, not a thread. Before calling wait() method, the object should be synchronized, means the object should be inside synchronized block. The call to wait() releases the acquired lock.

Education is what remains after one has forgotten what one has learned in school.