According to traditional Christian belief in witchcraft, the pact is between a person and Satan or any other demon (or demons); the person offers his or her soul in exchange for diabolical favours…Regardless, the bargain is a dangerous one, as the price of the Fiend’s service is the wagerer’s soul. The tale may have a moralizing end, with eternal damnation for the foolhardy venturer. Conversely it may have a comic twist, in which a wily peasant outwits the Devil, characteristically on a technical point.
My two cents
I like the last sentence, although I’m trying to remember where the Bible says you can sell your soul to the Devil in the first place; I’ll have to keep looking.
It annoys me when when people give respect to or fear the Devil (when they should be rendered to God instead). Like with my brother, I asked him about his views on religion, and he was pretty vague on the question of God, yet he believed in and said he was terrified of the devil. I don’t see the point of that.
On a related note, I remember the 1980s rock group Stryper with its song called To Hell with the Devil. I don’t know if it was the greatest title (or song) around, although I do like the sentiment behind it. I remember a podcast where someone thought it might include a comma i.e. “To Hell, with the Devil”, but I think that was a misreading of the text.
Wikimedia Foundation. (2012). Deal with the Devil. Available: http://en.wikipedia.org/wiki/Deal_with_the_Devil. Last accessed 23rd Sep 2012.