Rent the Runway is launching a 25-piece capsule collection called 5Y, featuring pieces by seven designers: Oscar de la Renta, Christian Siriano, Lela Rose, Kenneth Jay Lane, Badgley Mischka, Monique Lhuillier, and Marchesa Voyage. If you ever wanted to wear Oscar, now is the time! All of the designers have been long time supporters of the Rent the Runway, and the collection will include three to four designs from each of the designers including cocktail and evening dresses as well as glam accessories. The prices will range from $20 to $450 for a four-day rental, and each design was created exclusively for Rent the Runway. Chic! With the holiday season fast approaching, it’s time to start planning that party wardrobe…