Decoding the hex-coded path information in AVC denials

When investigating AVC denials, some denials show a path that isn't human readable, like so:

type=AVC msg=audit(1396189189.734:1913): avc:  denied  { execute } for  pid=17955 comm="emerge" path=2F7661722F666669737A69596157202864656C6574656429 dev="dm-3" ino=1838 scontext=staff_u:sysadm_r:portage_t tcontext=staff_u:object_r:var_t tclass=file

To know what this …

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