Obviously, this is not sanctioned by the University of Texas. Has anyone actually purchased one yet? Wear one?
But the big quesion: is it racist? Racial? Sure. Racist? Doesn't that depend on who made it and why they made it. Or is any reference to somebody's race in and of itself racist these days?
UPDATE: the shirt is no longer available online. Didn't take long for it to be removed. So, was this ever a real thing - meaning did anyone actually buy it or want it - or was this just one of those internet things that was made into a much bigger deal than it should have been. It's not difficult for one person to get a lot of attention by being stupid online.