The White family is waiting for a visitor at the Laburnam Villa on a dark, cold night. Mrs. White knits by the fire while Mr. White and his son Herbert play chess. Sergeant Major Morris comes and regales the family with tales from his 21 years as a soldier, which included travel to far-flung and exotic locations.
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Mr. White recalls Morris of a recent tale he told him about a bizarre monkey's paw he bought in India. It was said to have been enchanted by an ancient fakir to grant three wishes to three different men. Mr. White wants the paw, but Morris is hesitant since he believes it will bring problems.
Mr. White saves the paw after Morris tosses it into the fire. Mr. White makes his first wish, which is for a sum of £200. The paw moves and there is a loud smashing noise. The Whites learn the next day that Herbert was killed at work when he got trapped in the equipment. The Whites are compensated with a £200 cheque from the firm.
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The Whites are shaken by how their wish came true and filled with grief from losing their only son. Mrs. White persuades Mr. White to wish that Herbert was alive again. Mr. White finds the paw and makes the wish; all of a sudden, there is a quiet, persistent knocking at the door.
The knocking becomes louder. Mrs. White wants to run to the door, frantic to let Herbert in, but Mr. White holds her back because knows the wickedness of the paw and is afraid of what kind of “state” Herbert might be in. She breaks free and runs to the door, but she can’t reach the bolt. Mr. White searches hurriedly for the paw.
Just as his wife gets a chair, climbs up, and slides back the bolt, Mr. White finds the paw and makes his final wish. The knocking suddenly stops. Mrs. White opens the door, but there is no one outside.