Class is a blueprint for creating objects that share common attributes and behaviors. A class defines the data and methods that describe the object. Classes in Java can contain data members, methods, constructors, nested classes, and interfaces. Objects are instances of classes that occupy memory at runtime and can access class members like variables and methods. Constructors initialize an object when it is created and have the same name as the class. The this keyword refers to the current object in a method or constructor. Command line arguments can be passed to a program as strings and accessed via the args parameter in the main method.