"The Gift of the Magi," by O. Henry is a touching story about unconditional love between a husband and wife. Not tragic, perhaps sentimental or a little didactic, it combines the themes of married love and sacrifice with the techniques of suspense and the O. Henry surprise ending. The story is a very touching and moving tale about the sacrifice and love of a husband and wife. The story has been effectively based on the main theme of the narration, i.e. love and sacrifice. This paper describes the themes of the story.