There are two different relations in class-based OO: instanciation and inheritance.
Instanciation is the relation between an object and its class, the new keyword, etc. Usually it's implemented by a pointer in the low-level representation of any object. In Smalltalk, anObject class traverses this pointer; it also happens that classes are also objects, and classes of classes are called metaclasses, but this is the same relation as with instances.
Inheritance is a relation between classes. You can go from a class to its superclass by doing aClass superclass, and keep doing so until you get to the class Object. In Smalltalk, the superclass pointer is just an instance variable defined on any class, and the superclass message is a normal accessor.