I think it's the other way around. I think you guys use _class_ as slang to _classy_: "pertaining to or characteristic of a (high) class," which comes from the literal sense of class, which comes from the French word _classer_.

I didn't know for sure, but I had that feeling knowing that most of the English language is borrowed from others, and not the other way around. (http://www.etymonline.com/index.php?allowed_in_frame=0&searc...)