The Longhorns were ranked #1 entering their fifth game of the season, but they lost to Arkansas, and a tie to Houston three weeks later knocked them out of serious championship contention.
Alabama was co-champion of the Southeastern Conference who had been ranked #2 after their first game, but a loss to Georgia Tech and a tie four weeks later knocked them out of contention, though they won the SEC title due to them having a perfect SEC record along with Georgia. Their win over Auburn the previous game gave Bryant his 315th win.
Televised by CBS, the game kicked off shortly after 1 p.m. CST, a half hour after the Fiesta Bowl started on NBC.[8]
Trailing 10–0 in the fourth quarter, the Longhorns scored their first points with a quarterback drawbyRobert Brewer on a third-and-long with 10:38 remaining.[9] On Texas' next possession, Terry Orr scored from eight yards out to cap an eleven-play, eighty-yard drive to put the Longhorns up 14–10 with 2:05 remaining. Alabama's Joey Jones returned the ensuing kickoff to the Texas 38-yard line, and Alabama quarterback Walter Lewis took over with 1:54 left. On the very next play, UT's William Graham picked off a Lewis pass at the one. The Longhorns took a safety to insure better field position and make the final margin 14–12.[10][11]
There was a Cotton Bowl Classic in January and December in 1966, 2015, 2017, 2023, 2025.
The 2015 (December), 2018, 2021, and 2025 (January) editions were College Football Playoff semifinals.