Netflix says 'This title can only be downloaded 1 more time.'

If you see an error on your iPhone, iPad, or iPod touch that says

This title can only be downloaded 1 more time.

It indicates that you are approaching the maximum number of downloads for a specific TV show or movie.

Some TV shows and movies can only be downloaded a limited number of times per year per account. You can select Download to confirm that you wish to download the TV show or movie, but you will not be able to download the same title again for up to a year. If you would like to watch the TV show or movie sooner, you’ll need to connect to the internet and stream. Otherwise, you can select a different TV show or movie to download.