There are a lot of performance analysis tools for Rails logs. However, sometimes you just need something quick and dirty. This one helped me out. 1-line perl script to show all Rails log lines which took more that 100milliseconds to produce:
perl -n -e 'print if(m/\((\d+\.\d+)ms\)/ && $1 > 100);' log/development.log
UPDATE - Here's another handy one:
tail -20000 log/production.log|grep 'Completed in'|cut -d" " -f3,11|sort -n