The Gift of the Magi is a short story written by O. Henry. It tells the tale of a young married couple, Jim and Della, who are struggling financially but want to give each other meaningful Christmas gifts. In a twist of irony, both Jim and Della make sacrifices to buy gifts that complement the other's most prized possession. The story explores themes of love, selflessness, and the true spirit of giving. The Gift of the Magi is a touching and timeless story that reminds us of the importance of love and sacrifice during the holiday season.