Yes, it is possible. The restaurants for the dinner package are Hollywood Brown Derby, Mama Melrose's and Hollywood and Vine and all participate in the dining plan although Brown Derby requires 2 Table Service credits. You have to be specific and book the package when you make your reservations.
You will receive tickets/vouchers at the restaurant which you present at the show. Be at the Fantasmic sign no later than 35 minutes before the show. There is a designated area for these guests but the seats are not reserved. People arriving first get the best seats. Also, if the show is cancelled for bad weather you get no rain check.
Even if you get the package I would suggest checking out the normal seating. If it is not too crowded you are bound to get better seats on your own.
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