The Gift of the Magi is a short story by O. Henry, first published in 1905. It tells the story of a young couple who sacrifice their most prized possessions to buy each other Christmas gifts. The crossword solutions for the term THE GIFT OF THE MAGI GIFT are COMBS (5 letters) and FOB (3 letters). The wife sells her long hair to buy a chain for her husband's pocket watch, which is referred to as a fob. The husband sells his watch to buy COMBS for his wife's hair.