This document discusses various tools and techniques for profiling Ruby and Rails applications to optimize performance. It covers benchmarking basics using the Benchmark module and benchmark-ips gem. It also discusses profiling memory and GC using the GC module and memory_profiler gem. For CPU profiling, it recommends the ruby-prof gem. It provides an overview of profiling web apps using New Relic and rack-mini-profiler. Finally, it outlines some Ruby and Rails performance patterns and additional resources.