In this story they lived in a apartment. They did not have much money. Christmas was the next day.
Della only had 1.87 to buy Jim a present for Christmas.
Della was so unselfish that she went and had some of her beautiful hair cut off for money so she could buy Jim a chain for his watch
She went home and made coffee and cooked and when Jim got home he had a present for her and they exchanged gifts but Jim was just jaw dropped because when they opened the gifts she got hair combs but when he opened his gift it was a chain for his watch but he sold his watch so he could have money to buy her the hair combs.
They notice that it wasn't all about the gifts so they put their away.
They realized that the sacrifices they made for each other were worth more than the gifts they got for each other.