[jQuery] Is .parent() only one level up?

[kgosser]

Hello, pretty noob question here. I have this example:

<div>
   <form>
      <div>
          <label>Example</label>
          <input type="text"/>
      </div>
   </form>
</div>


Now let's say there's this jQuery:

$("input").click(function(){
   $(this).parent("form").css("color","#F00");
});


My question: Does the parent() method work like that, or do I need to
do something like $(this).prev().prev() to get to the form? I guess
I'm trying to better understand how flexible the parent() and children
() methods are.

Thanks in advance.