Yeppers! You are correct sir, hence the simplicity part ('member, who's brain is speakin')... As long as we don't charge for entry, don't avert in their local region and we don't actually have outside sponsors, we should be good.
I was thinking more on the lines of doing very simple things, like a costume contest, geocache, ('dub's idea) Parts swap/sale, line and shine, stuff that is disorganized yet something that if someone happened to do well at, we could through a little prize at them.
If need be, we'll take it to another thread. But that was why I though we would handle it there. Time's pretty short for this year.