I was an OG subscriber while in college. I can't remember what I was paying- was it $4.99 a month? And you could have out 3 DVD's at a time... so what I would do to maximize my bandwidth was rent 3 DVD's, and as soon as they'd arrive I'd toss them in a PC dedicated to ripping discs. One drive to read from and one DVD-RW drive to burn. I'd then send the DVD's back the next morning on my way out my dorm, and I think there was a queue to send more out as soon as they got those 3 back in the mail, which took 4-5 days for where I lived, unfortunately.
I did this for a year or so. The movies went in one of those giant zip-up trapper-keeper things for CD's. All in total, I think I ripped about 80 DVDs.
And a lot of them I don't think I ever actually got around to watching...