The final three verses of the book, which are also the final message in the Old Testament, are sufficiently different from what immediately precedes to indicate another message from Malachi. Essentially Malachi said, Be prepared for God's coming.
"Malachi began with an illustration from Genesis (Jacob and Esau) and spent most of the first half of the book reminding priests and people of the need to keep the Mosaic Law. Now, close to the end of his book, he gives another terse reminder of their continuing obligation to those laws."43
4:4 Moses' last words to the Israelites in Deuteronomy contain about 14 exhortations to remember the Law that God had given them. Malachi closed his book, and God closed the Old Testament, with the same exhortation. The Israelites had forgotten and disregarded God's law, and Malachi had pointed out many specific instances of that. Now he urged the people to recall and obey their Law. By calling Moses "My servant,"the Lord was reminding Malachi's audience of how faithful Moses had carried out God's will. He was to be their model of obedience.
4:5 The Lord promised to send His people Elijah the prophet before the great and terrible day of the Lord arrived. An angel later told John the Baptist's parents that their son would minister in the spirit and power of Elijah (Luke 1:17). Yet John denied that he was Elijah (John 1:21-23). Jesus said that John would have been the Elijah who was to come if the people of his day had accepted Jesus as their Messiah (Matt. 11:14). Since they did not, John did not fulfill this prophecy about Elijah coming, though he did fulfill the prophecy about Messiah's forerunner (3:1).
This interpretation has in its favor Jesus' words following the Transfiguration (and John the Baptist's death). Jesus said that Elijah would come and restore all things (Matt. 17:11). Whether the original Elijah will appear before the day of the Lord or whether an Elijah-like figure, similar to John the Baptist, will appear remains to be seen. Since Jesus went on to say that Elijah had come and the Jews failed to recognize him, speaking of John (Matt. 17:12-13), I prefer the view that an Elijah-like person will come.
What John did for Jesus at His first coming, preparing the hearts of people to receive Him, this latter-day Elijah will do for Him at His second coming. Evidently the two witnesses in the Tribulation will carry out this ministry (Rev. 11:1-13). Who the witnesses will be is a mystery. Evidently one of them will be an Elisha-like person. These men will do miracles as Elijah and Elisha did.
4:6 Malachi revealed only one future forerunner of Messiah before the day of the Lord in view, perhaps the more prominent of the two. Elijah was a very significant person in Israel's history because he turned the Israelites back to God at the time of their worst apostasy, when Ahab and Jezebel had made Baal worship the official religion of Israel. Moses established the theocracy on earth, but Elisha restored it when it almost passed out of existence. Similarly the eschatological Elijah will unite the hearts of the Jews to turn back and worship Yahweh.
At His first coming Jesus said that because of Him families would experience division. Some fathers would believe on Him but their sons would not, and daughters would disagree with their mothers over Him (Matt. 10:35-36; Luke 12:49-53; cf. Mic. 7:6). When this Elijah comes, he will cause the Jews to believe on their Messiah as they did in the past. They will unite over belief in Him.
If the Lord would not send this Elijah, and if he did not turn the hearts of the Jews back to God, the Lord would have to come (in the person of Messiah) and strike the earth with a curse. Because the Jews will turn to Jesus Christ in faith, blessing will come to the earth, not a curse (vv. 2-3). This is another reference to millennial conditions.
The Jews of Malachi's day needed to remember their Law and practice it as preparation for the coming day of the Lord. As Jesus said, Moses wrote of Him (John 5:46). Had Malachi's audience and subsequent generations of Jews paid attention to the Law of Moses they would have recognized Jesus for who He was at His first coming. This was the last revelation that God gave His people before the forerunner of Messiah whom He promised in 3:1 appeared some 400 years later. They had plenty of time to get ready.
In Malachi's day the people needed to return to the Lord or He would smite the land with a curse. This is really what happened since they did not return to Him. The Israelites' problems occupying the land God gave them since the Babylonian captivity is evidence of their failure.
Fortunately for them, and for the whole world, God did not cast off His people Israel because they rejected His Son (Rom. 11:1). He will send another powerful prophet, like Moses, to His people in the end times. They will believe the message of that Elijah and will turn to Jesus Christ in faith when He returns to the earth (Zech. 12:10). Then Messiah will initiate a righteous worldwide rule that will last 1, 000 years (Rev. 20:1-6) rather than smiting the land with a curse.