Della and Jim are talking in their flat. Della counts her money that she needs to buy Jim's Christmas gift with. She only has one dollar and eighty-seven cents.
Della falls and cries about only having a dollar and eighty-seven cents to get Jim the gift.
Della gets her cut off and sold it for twenty dollars do help get money to buy Jim a gift for Christmas.
Della searches all over town for a gift for Jim. Then she finds it. A gold chain for his watch. she pays $20 and then goes home praying that Jim will love her with short hair. to find Jim standing with a beautiful hair comb with jewels.
They both find out that him had sold his watch for the combs and Della had sold her hair for the gold watch.