Execute a query

ApplicationRecord.connection.exec_query("update meetings set planned_for = NOW() + INTERVAL '1 DAY' where id = 1")

Bind variables

ApplicationRecord.connection.exec_query("update meetings set planned_for = NOW() + INTERVAL '1 DAY' where id = $1", 'sql', [[nil, 1]])

Properly annotated bind variables

binds = [ActiveRecord::Relation::QueryAttribute.new(nil, 1, ActiveRecord::Type::Value.new)]
ApplicationRecord.connection.exec_query("update meetings set planned_for = NOW() + INTERVAL '1 DAY' where id = $1", 'sql', binds)

Migrations

execute <<-SQL
  DROP TABLE meetings
SQL