First of all, read about fsevents here to know what it actually does.
The gem you're trying to install depends on native OSX libraries and you don't seem to be able to build 'em. Try installing command line tools for OSX and install the gem again.
Here's a good tutorial on how to install command line tools:
UPDATE
This was raised as an issue and the fix is to uninstall the previous version and install version 0.9.
gem install 'rb-fsevent' -v '0.9'
or update the gem dependency in your Gemfile:
gem 'rb-fsevent', '>= 0.9'