Jim and Della Dillingham are a young couple who are very much in love with each other, but can barely afford their one-room apartment opposite the elevated train due to their very bad economic condition. For Christmas, Della decides to buy Jim a chain for his prized pocket watch given to him by his father. To raise the funds, she has her prized long hair cut off and sold to make a wig. Meanwhile, Jim decides to sell his watch to buy Della a beautiful set of combs for her lovely, knee-length hair.
