A Fabletics VIP Membership costs $0 in any month you click "Skip the Month" between the 1st and 5th. If you don't skip by the 5th, you're billed the $69.95 monthly membership fee between the 6th and 12th. The fee covers your membership benefits, including that month's VIP Credit and access to VIP Exclusive styles.
Skipped months cost nothing, and you keep VIP pricing and Loyalty Points. Unused VIP Credits expire 12 months after they're issued. There's no fee to cancel.