"The Gift of the Magi" is a short story by O. Henry that tells the tale of a young couple, Jim and Della, who are deeply in love but financially struggling. As Christmas approaches, each wants to buy a special gift for the other, but they have very little money. Della decides to sell her beautiful long hair to buy a platinum chain for Jim's prized possession, his watch. Unbeknownst to her, Jim sells his watch to buy a set of combs for Della's hair. On Christmas Eve, they exchange their gifts, realizing the irony of their sacrifices. Their love for each other is the true gift, demonstrating the spirit of selflessness.