A mixture of respected and classy.
This commonly refers to a
person. In a conversation, this person can be described as classy (stylish and sophisticated), and highly respected, and held in high regard by the
people around said person's environment e.g. (co-workers, partners,
society).
"Yeah I know
right? He's so rassy, that's why he
always gets free entrances!" or, "This is our boss. A very rassy
person."