What is the plot of "The Gift of The Magi"?

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mrs-campbell eNotes educator| Certified Educator

The story is about Della and Jim, a young couple that does not have very much money.  So, with Christmas coming Della is worried about buying a gift for Jim.  She has been saving and saving, but only has $1.87, not enough to buy anything with.  So, she decides to sell her hair-beautiful, long hair that is her pride and joy.  She does, and with the money is able to buy a chain for the gold watch that Jim loves so much.  Jim gets home and she presents her gift, only to discover that Jim has sold his gold watch to get her hair clips.  It is a sweet story about the love this couple has for each other, and what they are willing to sacrifice to show that love.