These are not the only correct answers.

Main ideas for The Gift of the Magi

There was a young couple. They were poor, but in love. (You could also use the names Della and Jim here.)

The young woman was unhappy because she didn’t have a lot of money to buy a Christmas gift for her husband..

The young woman sold her hair to a shopkeeper, Madame Sophronie.

She bought a gold chain for her husband.

The young man sold his watch.

He bought his wife some combs for her hair as a gift.

He came home.

The young man showed the woman her gift.

The young woman saw her gift and showed her husband the watch chain.

They couldn’t use their gifts, but they were happy.