Well I have been away for a bit but it looks like I still have a weekend left for the event. Am I able to complete this with my just my first and secondary characters or do I need the help of another player? What rewards come out of doing the event? My max levels on my two characters are 38 THF and 34 RDM are they high enough to complete this?

You need two characters at a minimum, and they must be the same race, but different gender. If you're mithra, you need a galka. Buy chocolates, exchange, find an npc and give the /ex chocolate and the regular chocolate for a reward. For second level, go to jeuno for better stuff.

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Pepsi - 75SMN - 88 cooking 12 fishing and rising
Sprite - 75PLD - 99.6ww 60alch 60gs 55bs 25cc 22bc
Coke - Best mule ever

Ouch i have a male elvaan and a mithra. Looks like i'll need another person to do it. What are the rewards?