Della wants to buy her husband a gift so she sells her hair to buy her husband a gift. She goes to donate her hair for 20 dollars.
Jim was at work with one of his friends and asked him if he should get his wife a Christmas present. So later Jim decides to sells his pocket watch to get Della some hair clips
Dell talked with her cousin about everything again and her cousin thinks she should have kept her hair. Della got Jim a new chain for his pocket watch.
When Jim got home, they both showed each other the presents they had gotten each other. Jim and Della felt silly because both of the gifts they had gotten were useless, at least until Della's hair grew back.
Jim and Della were eventually happy to just have each other for Christmas. So they put the gifts away and enjoyed each other.