A husband and wife go into debt after purchasing lavish presents for their birthdays.
A husband and wife refuse to buy each other presents for Christmas.
A husband and wife sell their most prized possessions to buy their spouse a Christmas present.
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The best summary of "The Gift of the Magi" by O. Henry is:
A husband and wife sell their most prized possessions to buy their spouse a Christmas present.
This captures the essence of the story, where both characters make significant sacrifices for each other, ultimately demonstrating their love and selflessness.
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