The term 'point of view' describes the perspective from which the story is told. In "Gift of the Magi" by O. Henry, the point of view is third person omniscient; the narrator, like a comfortable, old storyteller, explains and describes the fictional account of Della and Jim at Christmas time. A third-person perspective is a narrator who tells the story without being involved in the actual events, and the word 'omniscient' emphasizes the fact that the narrator knows and sees more than the characters themselves. For example, in the end of the story, the narrator alludes to the sad outcome of the gifts and the meaning of the Magi, before the reader, Della, or Jim know the outcome of the gifts.