The Magi: The title itself, "The Gift of the Magi," alludes to the Biblical story of the Three Wise Men, also known as the Magi, who brought gifts to the infant Jesus. By invoking this religious imagery, O. Henry suggests that the gifts exchanged by Jim and Della have a higher purpose and significance.
The Hair and the Watch: Jim's prized possession is his gold watch, while Della's most treasured asset is her beautiful hair. When they sacrifice these items to buy gifts for each other, it symbolizes the profound love and selflessness that true love entails. Just like the Magi's gifts, their sacrifices have a symbolic and altruistic value.
The Chain and the Combs: The chain that Jim buys for Della's hair perfectly fits the combs she purchases for his watch, creating a sense of unity and harmony between their gifts. This unity emphasizes the idea of two souls finding completion and fulfillment through their love and shared sacrifices.
The Apartment: The apartment where Jim and Della live is described as "a furnished flat at $8 per week," suggesting their modest circumstances. Despite their financial limitations, their genuine love and willingness to make sacrifices for each other make the apartment a symbol of warmth, comfort, and contentment.
The Ending: The story concludes with Jim and Della laughing at their "foolishness" in the face of love. This laughter signifies the triumph of love over material possessions and the realization that true happiness lies not in worldly goods but in the connections we forge with others.
By employing symbolism and allegory, O. Henry infuses "The Gift of the Magi" with a deeper thematic resonance, enriching the story with biblical allusions, universal values, and insights into the nature of love, selflessness, and true fulfillment.