"The Gift of the Magi" is a short story by O. Henry (pen name of William Sydney Porter) first published in 1905.

The story tells of a young husband and wife and how they deal with the challenge of buying secret Christmas gifts for each other with very little money.

On Christmas Eve, a woman named Della Dillingham Young discovers that she has only $1.87 (equivalent to about $63 in 2023) to buy a present for her husband James, also known as Jim.

Despite being poor, the Dillingham Youngs love each other and possess two items they value as treasures: Della's knee-length brown hair that would depreciate the Queen of Sheba's jewels, and Jim's gold pocket watch, a family heirloom that would make King Solomon envy him.

Della then uses the money to buy a platinum fob chain to go with Jim's watch, which he has attached with a worn leather strap.