It looks like you ran out of memcached space:
STAT limit_maxbytes 262144000 STAT bytes 209406773
... turning off data from the cache when you do not want it, and statistics show that:
STAT evictions 94777
It looks like you set the cache size to 250 MB and you are using 80-90%.
Try increasing the cache size with the -m option.
UPDATE:
Statistics also show that your cache is manually cleared using Rails.cache.clear (sending memcached flush_all ):
STAT cmd_flush 4317
You should look for your code base for handheld caches.
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