A couple named Della and Jim are having some money issues, and they want to buy each other gifts. They give away their most valuable belongings to get each other a present.
Della is having some money issues and she has to get Jim a present for Christmas.
Della thought that the only way to get money for Jim's present, was to cut her hair for money.
Della went back home with the watch chain that was for Jim. She waited there nervously wondering what Jim would think about her hair.
Jim walked in with a puzzled face and Della was worried that he didn't love her anymore because of her hair.
Jim tells Della that he old his watch to get Della hair clips. They both knew they can't use their presents for a while, so Jim told Della that they should just put them away till they could use them.