[jQuery] Class fading?

[jQuery] Class fading?

Is there currently a way to fade an object between two classes? Sort of like:
$('div').mouseover(function(){
     $('div').fadeToClass('.red');
}).mouseout(function(){
     $('div').fadeToClass('.blue');
});
I don't really have a project that needs this at the moment, but could think of some interesting ways to use it.
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