"This time" is a heartfelt, high energy song about seizing the moment and getting rid of fears you build up form past experiences.
You can only be a winner if you accept to lose as well!
The lyrics describe a romantically encounter between 2 people with their own backpack of "troubles" in love. Theyare holding back but in the end they need to conquer their fears, let go of the past and choose for each other without looking backmore