Correct!

For you are all sons of God through faith in Christ Jesus. For all of you who were baptized into Christ have clothed yourselves with Christ. Galatians 3:26-27  (NAS)

In baptism, we are not just getting wet.  In a spiritual way, we are being united with Christ in His death ("baptized into Christ") and we are raised from the waters of baptism being clothed with Him (we are now a new creation "in Christ").

Therefore if any man is in Christ, he is a new creature; the old things passed away; behold, new things have come. 2 Corinthians 5:17 (NAS)

The apostle Peter describes it as being born again through Jesus' resurrection:

Blessed be the God and Father of our Lord Jesus Christ, who according to His great mercy has caused us to be born again to a living hope through the resurrection of Jesus Christ from the dead, ⁴ to obtain an inheritance which is imperishable and undefiled and will not fade away, reserved in heaven for you, 1 Peter 1:3-4 (NAS)

Since you have in obedience to the truth purified your souls for a sincere love of the brethren, fervently love one another from the heart, ²³ for you have been born again not of seed which is perishable but imperishable, that is, through the living and abiding word of God. 1 Peter 1:22-23 (NAS)

And corresponding to that, baptism now saves you-- not the removal of dirt from the flesh, but an appeal to God for a good conscience-- through the resurrection of Jesus Christ... 1 Peter 3:21 (NAS)  

When Jesus comes again, and we stand before God in judgment, how important is it that we be "clothed with Christ?"

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