What is the significance of the title "The Gift of the Magi”?

Ans. As we know, the Magi were wonderful wisemen, who brought gift to the infant Christ. They began the custom of giving Christmas presents. Since then it has become a custom in European countries. There is a system of giving presents on the occasion of Christmas. So, the title "The Gift of the Magi" is apt in the context of the climax of the story.