The document summarizes the short story "The Necklace" by Guy de Maupassant. It discusses that the story is set in past Paris and is told from a third person limited point of view. The main characters are Madame Loisel, who longs for wealth and status but lacks it, and her practical husband Monsieur Loisel. Ironically, Madame borrows a necklace that makes her feel wealthy but turns out to be fake, trapping the couple in a decade of debt and sacrifice to replace it. The theme is that true value is not always apparent and happiness should not be sought in material things.