"The Gift of the Magi" is a touching Christmas tale about how far a husband and wife will go for one another, despite their poverty. To show their true love and devotion to one another, right before Christmas, Della and her husband Jim set out separately to purchase Christmas presents. Having less than three dollars in each of their pockets, they each make a great sacrifice in order to purchase the perfect gift for one another. Della sells her beautiful hair for $20 in order to buy her husband a platinum chain for his watch. Meanwhile, Jim sells his heirloom watch to buy a beautiful set of combs for Della to put in her hair.