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."