"First Times All Around" is the second theme played in the RWBY Volume 5 episode "Unforeseen Complications" and also includes music from "True Colors" later in the Volume. It is incorporated in the RWBY: Volume 5 Soundtrack.
In "Unforeseen Complications" the theme can be heard when Ozpin explains to Team RNJR his "curse" and in "True Colors" when Ruby talks with Qrow and Ozpin.