So people have discovered that when you pick up the moogles around the game, they drop items. Well the items they drop, are the most recent 60 or so items that you DID NOT pick up. Fact is, you could be on New game + of story mode, kill a boss, leave the items (this does not include money)... then load up your multiplay character, go to the moogle, pick him up, and it'll drop all the items that you didn't pick up. AKA, my level 1 clavat that I just made for multiplay has a darksword with HP steal... at level 1.
Not only that, when you trade moogles, the items are transferred with the moogle. So you could effectively send your friend weapons they can't get yet!
THE JACKEL