Summary · Summary

The Gift of the Magi Summary: Read as a Receipt

The Gift of the Magi by O. Henry · Updated
The short version

Fair warning, this summary spoils the whole story, ending included. But the story is only about two thousand words. Here is the idea. O. Henry's Gift of the Magi is short enough to itemize. Almost every dollar in it is on the page, so we can add it up.

Video coming soon
The full article is below.
In this article · 8 sections
  1. The Blank Receipt
  2. Line One: Starting Cash
  3. Line Two: The Hair
  4. Line Three: The Chain
  5. The Forty Minutes
  6. The Blank Line
  7. The Magi Paragraph
  8. The Closing Balance

The Blank Receipt

Fair warning, this summary spoils the whole story, ending included. But the story is only about two thousand words.

Here is the idea. O. Henry’s Gift of the Magi is short enough to itemize. Almost every dollar in it is on the page, so we can add it up. Today I fill in the receipt line by line, and I show you the one line the narrator leaves empty.

The irony in one sentence: a wife sells her hair to buy a chain for her husband’s watch, and he sells the watch to buy combs for her hair. We read the text from Project Gutenberg, ebook number seven thousand two hundred fifty-six, and every figure you see comes from it.

Line One: Starting Cash

One dollar and eighty-seven cents. That is the first sentence, and the story gives the figure five times in all, counting the spelled out ones. Sixty cents of it is pennies, saved by hard bargaining with the grocer, the vegetable man and the butcher. Three times, Della counts it. And the next day is Christmas.

Now look at the home around that number. The furnished flat costs eight dollars a week. Jim was once paid thirty dollars a week, and now the income has shrunk to twenty. My arithmetic, not the story’s: rent takes two fifths of that income, which leaves twelve dollars a week for everything else.

Jim is twenty-two. The narrator tells us he needs a new overcoat and has no gloves. Keep that picture in mind, because it is what these gifts cost. Della has been saving for months, and she has less than two dollars to show for it.

Line Two: The Hair

The narrator says the couple takes mighty pride in two possessions. One is Jim’s gold watch, which was his father’s and his grandfather’s. The other is Della’s hair. It reaches below her knee and is almost a garment. The story jokes that the queen of Sheba would envy it, and King Solomon would envy the watch.

So Della does it. She puts on her old brown jacket and goes to Madame Sofronie, whose shop sells hair goods of all kinds. Madame lifts the brown cascade and names a price at once: twenty dollars. Della says, give it to me quick. That is the whole negotiation.

Notice the contrast. For months, she squeezed pennies out of shopkeepers. In a few lines she gives away her best possession and does not argue at all. In the receipt, that is a plus line of twenty dollars. It is also exactly one week of Jim’s pay, which is my sum, from two numbers in the text.

Line Three: The Chain

Then comes the shopping, which the story says lasts two hours. She turns every store inside out and finds it: a platinum fob chain, simple in design, and valuable by substance alone. The narrator says it is like Jim, quietness and value. The price is twenty-one dollars.

Do the sum with me. She started with one dollar and eighty-seven cents. The hair adds twenty. That makes twenty-one dollars and eighty-seven cents. The chain takes twenty-one. She hurries home with eighty-seven cents, and the story says exactly that. The chain costs one dollar more than a week of Jim’s pay.

Why a chain? Because the watch is grand, but the narrator says Jim sometimes looks at it on the sly, since he uses an old leather strap in place of a chain. In my reading, that small detail is why this gift is love and not just a purchase.

The Forty Minutes

At home, her intoxication gives way to prudence. She lights the gas, takes out her curling irons, and spends forty minutes on the ravages made by generosity added to love. The result is tiny curls that make her look like a truant schoolboy. She is sure Jim will say she looks like a Coney Island chorus girl.

At seven o’clock the coffee is made and the frying pan is hot and ready for the chops. Jim is never late. Della sits on the corner of the table by the door, holding the chain, and whispers a prayer: please God, make him think I am still pretty.

Jim walks in and stops, as still as a setter at the scent of quail. The narrator says it is not anger, surprise, disapproval or horror, the four things she was ready for. He asks twice about her hair, like a man who cannot take it in. Her answer is, in my view, her best line: nobody could ever count my love for you.

The Blank Line

Then Jim hands her a package. Inside are the combs, side and back, pure tortoise shell with jeweled rims, the set she had worshipped in a Broadway window. The text calls them expensive. She had craved them without hope. And now they are hers, and the hair they were made for is gone.

She hugs them and says, my hair grows so fast, Jim. Then she holds out the chain, and Jim sits on the couch, smiles, and says the line that finishes the joke: I sold the watch to get the money to buy your combs.

Now look at the receipt. Della’s side is priced to the cent. Jim’s side has no price at all, not for the watch and not for the combs. I checked every dollar figure in the story, and none belongs to either one. In my reading, that blank is the point. We can never tell whose sacrifice was bigger, so the two gifts simply match.

The Magi Paragraph

Earlier, the narrator promised that a dark assertion about the magi would be explained later. The last paragraph is the explanation. The magi, he says, were wise men who brought gifts to the babe in the manger, and they invented the art of giving Christmas presents.

Then he does something odd. He calls Della and Jim two foolish children who most unwisely gave up the greatest treasures of their house. And in the next breath he says that, of all who give gifts, these two were the wisest. The words wise or wisest appear eight times in the story, and every one of them is in this last paragraph. The last four words are, they are the magi.

In my reading, the story is saying that a wise gift is not the useful one. The narrator says the magi’s gifts were wise ones, possibly with the privilege of exchange in case of duplication. Della and Jim’s gifts come with no such privilege, and in my reading that is why the narrator thinks they win.

The Closing Balance

So here is the closing balance. In money, eighty-seven cents. In objects, the hair is gone and the watch is gone. The chain and the combs are sitting in the flat, each made for the one thing the other person no longer has.

Jim says to put the presents away and keep them a while, because they are too nice to use just now. Della has already said twice that her hair grows fast. The story never says how long it will take. Its last practical words are about dinner: put the chops on.

If you want to read it yourself, the text is free on Project Gutenberg, ebook seven thousand two hundred fifty-six, and it takes about ten minutes. My question for you: who gave up more, Della or Jim? Tell me in the comments. Subscribe for more books, one clear angle at a time, and tap like if the receipt helped.

Keep reading

The Gift of the Magi: quick answers

What is The Gift of the Magi about?

A short story by O. Henry. On Christmas Eve, Della has one dollar and eighty-seven cents. She sells her long hair for twenty dollars and buys her husband Jim a platinum fob chain for his gold watch. Jim, meanwhile, has sold the watch to buy her a set of tortoise shell combs.

What is the irony in The Gift of the Magi?

Each gift is made useless by the other's sacrifice. The chain needs the watch Jim sold, and the combs need the hair Della sold. In our reading, the narrator then calls the couple the wisest givers of all, which turns the sad outcome into a kind of win.

How much money do Della and Jim have in The Gift of the Magi?

Della has $1.87, sixty cents of it in pennies. The flat costs $8 a week, and Jim's pay has dropped from $30 to $20 a week. Della gets $20 for her hair and pays $21 for the chain, leaving 87 cents. The text gives no price for Jim's watch or the combs.

Why is it called The Gift of the Magi?

The narrator's last paragraph compares the couple to the magi, the wise men who brought gifts to the baby in the manger. He calls Della and Jim foolish children who sacrificed their greatest treasures, then says that of all who give gifts they were the wisest.

Where can I read The Gift of the Magi for free?

This page uses the text of Project Gutenberg ebook number 7256, titled The Gift of the Magi by O. Henry. It is about two thousand words, so it takes roughly ten minutes.

When was The Gift of the Magi published?

As of October 2026, Britannica and Wikipedia both report that it first appeared in the New York Sunday World in December 1905 and was collected in The Four Million in 1906.

Get The Gift of the Magi

The Gift of the Magi on AmazonThe Gift of the Magi audiobook

Amazon links. We may earn a commission if you buy through them.

Related books explained