It's a romantic comedy about the seven smartest kids in an elite school, which gives them special privileges and their own building. The second place student is a spunky girl who's always trying and failing to outdo the first place student, a wealthy boy who's secretly in love with her.
It was good for a while, but the ending completely sucked (it essentially wound up exactly where it was when it started). Have you seen Ouran Highschool Host Club, cause I recommend that more. It's better overall, better characters and a whole lot funnier.