Forum: Ruby on Rails Trouble shoot Rails 3.2 assets pipeline

I'm trying to figure out why my asset pipeline isn't working right.
I ran the following from the console:

y Rails.application.config.assets.precompile

and got:

- !ruby/object:Proc {}

- !ruby/regexp /(?:\/|\\|\A)application\.(css|js)$/

- .svg

- .eot

- .woff

- .ttf

=> nil

This appeared normal. Then I ran:

y Rails.application.config.assets.paths
and got:
- !binary |-
  L1VzZXJzL21hcmtydXNzb24vRG9jdW1lbnRzL3dlYnNpdGVzL2hvc3Rpbmcv
  ZmxldGNoZXIvYXBwL2Fzc2V0cy9mb250
- !binary |-
  L1VzZXJzL21hcmtydXNzb24vRG9jdW1lbnRzL3dlYnNpdGVzL2hvc3Rpbmcv
  ZmxldGNoZXIvYXBwL2Fzc2V0cy9pY28=
- !binary |-
  L1VzZXJzL21hcmtydXNzb24vRG9jdW1lbnRzL3dlYnNpdGVzL2hvc3Rpbmcv
  ZmxldGNoZXIvYXBwL2Fzc2V0cy9pbWFnZXM=
- !binary |-
  L1VzZXJzL21hcmtydXNzb24vRG9jdW1lbnRzL3dlYnNpdGVzL2hvc3Rpbmcv
  ZmxldGNoZXIvYXBwL2Fzc2V0cy9qYXZhc2NyaXB0cw==
- !binary |-
  L1VzZXJzL21hcmtydXNzb24vRG9jdW1lbnRzL3dlYnNpdGVzL2hvc3Rpbmcv
  ZmxldGNoZXIvYXBwL2Fzc2V0cy9zdHlsZXNoZWV0cw==
- !binary |-
  L1VzZXJzL21hcmtydXNzb24vRG9jdW1lbnRzL3dlYnNpdGVzL2hvc3Rpbmcv
  ZmxldGNoZXIvdmVuZG9yL2Fzc2V0cy9qYXZhc2NyaXB0cw==
- !binary |-
  L1VzZXJzL21hcmtydXNzb24vRG9jdW1lbnRzL3dlYnNpdGVzL2hvc3Rpbmcv
  ZmxldGNoZXIvdmVuZG9yL2Fzc2V0cy9zdHlsZXNoZWV0cw==
- !binary |-
  L1VzZXJzL21hcmtydXNzb24vLnJ2bS9nZW1zL3J1YnktMS45LjMtcDEyNUBm
  bGV0Y2hlci9nZW1zL2pxdWVyeS1yYWlscy0yLjAuMi92ZW5kb3IvYXNzZXRz
  L2phdmFzY3JpcHRz
- !binary |-
  L1VzZXJzL21hcmtydXNzb24vLnJ2bS9nZW1zL3J1YnktMS45LjMtcDEyNUBm
  bGV0Y2hlci9nZW1zL2NvZmZlZS1yYWlscy0zLjIuMi9saWIvYXNzZXRzL2ph
  dmFzY3JpcHRz
- !ruby/object:Pathname
  path: !binary |-
    L1VzZXJzL21hcmtydXNzb24vRG9jdW1lbnRzL3dlYnNpdGVzL2hvc3Rpbmcv
    ZmxldGNoZXIvYXBwL2Fzc2V0cy9mb250
 => nil

This does not look right at all. Can anyone tell me what's going on 
here?