The output phase of yaml.rb; that's why I co-authored zaml.rb. The standard yaml version does all sorts of metaprogramming (it was originally written by why-the-lucky-stiff, who I generally admire) but by replacing it with a straight forward hierarchical version that directly maps to the class tree we were able to eliminate several O(n^3) cases, resulting in a factor of ten speedup for cases of interest, fix several bugs, and do so in a fraction of the code.
Plus, even people who aren't ruby gurus can see what it does.