(CNN) University of Oklahoma students involved in a video showing a woman in blackface and possibly using a racial slur "will not return to campus," the university's president said in a statement.

"This video signals to me that we have much more to do to create an environment of equity and respect," University of Oklahoma President James Gallogly said. "We must be purposeful to create authentic measures to address and abolish racist experiences for our students, faculty and staff."

The video posted to social media this week initially shows a white female student applying black paint to her face while making faces to the camera.

"Stop (inaudible) you have too much.... That's paint, not (face paint)," another female student who appears to be recording the video is heard saying.

The student in blackface then holds up her painted palms and says something that some have interpreted to be a racial slur, although it is unclear what she says.

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