Psyche it is chistmas and Della doesnt know what to get James because they are broke.
Della needs money so she goes to a barber with her incredible hair (which is supposed to be long, but I coudnt find anything) and sells it to a barber for $20. What a deal.
Della uses the money to buy a nice gold chain for James' gold locket and presents it to him while sitting on a cheap pillow because they are broke, only to find out that James sold his locket and got Della a nice comb
James says to just set the gifts aside and eat dinner and enjoy christmas
And they lived happily ever after and continued to love each other even after they gived up there most prized possetions