For issues specific to version 4.2 of Rails. If your question applies to Ruby on Rails in general, use the tag [ruby-on-rails].
Ruby on Rails 4.2 is the latest major revision of Ruby on Rails, "an open-source web framework that's optimized for programmer happiness and sustainable productivity." Rails 4.2 brings a bunch of new features and improvements over older Rails versions.
See Ruby on Rails 4.2 Release Notes for more information.