Set limit of selection in multiple select box in html

HTML code
<select multiple id='testbox'>
      <option value='1'>First Option</option>
      <option value='2'>Second Option</option>
      <option value='3'>Third Option</option>
      <option value='4'>Fourth Option</option>
      <option value='5'>Fifth Option</option>
      <option value='6'>Sixth Option</option>
      <option value='7'>Seventh Option</option>
      <option value='8'>Eighth Option</option>
      <option value='9'>Ninth Option</option>
      <option value='10'>Tenth Option</option>
    </select>

JavaScript code

var last_valid_selection = null;
      $('#testbox').change(function(event) {
        if ($(this).val().length > 5) {
          alert('You can only choose 5!');
          $(this).val(last_valid_selection);
        } else {
          last_valid_selection = $(this).val();
        }
      });

Output