Della was upset because the next day was Christmas and she only had $1.87 to get a gift.
But then Della had an idea so she hurried into a hair salon and asked they buy hair they said 'yes' so they cutted her hair. They gave her $20.
After Della got her haircut she went to store to store but never found the perfect gift then finally she found the perfect one which was a gold watch chain.
Then when Jim came home he gave a blank expression and Della explained to him why she cutted her hair. Jim gives Della her present to her which was beautiful combs with jewelry and told how he felt when he saw her,
Della shows her present to Jim and told him that it would fit with his watch but then he told her that he sold his watch for the combs. But then Jim tells her to don't worry about their presents and enjoy their dinner.