Editing Winnie the Pooh and Mickey's Once Upon a Christmas (section)

===Mickey and Minnie's The Gift of the Magi===
Based on the story ''The Gift of the Magi'' by O. Henry. Mickey wants to get Minnie a gold chain for her one heirloom, her watch, so he works at Crazy Pete's Tree Lot. Minnie wants to give Mickey something special for Christmas as well, so she works hard to get her special bonus. However, Pete (Mickey's uptight and greedy boss) steals all of Mickey's money and fires him when he ruins his chance of selling an expensive 10-footer to a poor family and Minnie's bonus proves to be nothing but a fruit cake. After playing music for a toy drive with the Firehouse Five, Mickey has the idea that he can trade his harmonica for the chain. The shop closes by the time he gets there and the owner rejects it, thinking it's not worth anything, but changes his mind after hearing its music. Back at Minnie's house, Mickey gives her the chain for her watch and Minnie gives him a case for his harmonica. Of course, the irony is that Minnie no longer has her watch—just as Mickey no longer has his harmonica—so the gifts are essentially useless. As in the classic Gift of the Magi upon which this adaptation—penned by O. Henry—is based, the thought behind each gift is what counts. The film concludes with a medley of various carols.

In "The Gift of Magi", one of Mickey's dance moves are very similar to his dance routine in the 1942 theatrical short, "Mickey's Birthday Party".