Jim and Della lived in New York and were very poor. But they had two treasures, one was Jim's gold watch, which fell to him from his father and Della's beautiful hair. It was New Year's Eve, Delle didn't have enough money to buy a present for Jim and she decided to sell her hair and buy her husband a chain watch. When Jim came home, Della presented him the chain, but he had already sold the watch to buy 2 combs for Della.