The 2015 season is basically over for Texas, but that doesn't make Saturday's game against Baylor meaningless. There's still an opportunity, win or lose, for the Longhorns to get some momentum going into 2016.
Unless a handful of five-win teams decline bowl invites next Sunday, Texas' season will end against the Bears. And that's only if the Longhorns pull off a stunning upset. The game is being played in Waco, and Baylor is a nearly 21-point favorite according to Odds Shark, even with third-string quarterback Chris Johnson getting his second start.
So no—no one outside of head coach Charlie Strong and some Longhorn diehards expects Texas to win (and even that latter group is probably skeptical).