Rubies older than 1.9.3-p429 will not compile with Clang and require GCC >= 4.2, install GCC 4.2:
$ brew update && brew tap homebrew/versions
$ brew install apple-gcc42
Install autoconf and automake:
$ brew install autoconf automake
Install ruby w/ falcon patch (with backport-gc):
$ ruby-install -p https://github.com/funny-falcon/ruby/compare/p385...p385_falcon_gc.diff ruby 1.9.3-p385 -- CC=gcc-4.2