This post provides a quick derivation of the fast Fibonacci doubling formulas, using the correspondence between Fibonacci numbers and the number of ways to climb $n$ steps taking 1 or 2 steps at a time.
The Fibonacci numbers are a sequence $\mathrm{Fib}(i)$ defined by $\mathrm{Fib}(1)=\mathrm{Fib}(2)=1$ and $\mathrm{Fib}(n+2)=\mathrm{Fib}(n+1)+\mathrm{Fib}(n)$.
The Fibonacci doubling formulas are:
$$\begin{eqnarray} \mathrm{Fib}(2n) &=& 2\mathrm{Fib}(n)\mathrm{Fib}(n+1) - \mathrm{Fib}(n)^2 \\ \mathrm{Fib}(2n+1) &=& \mathrm{Fib}(n+1)^2 + \mathrm{Fib}(n)^2 \end{eqnarray}$$
These formulas can be used to efficiently compute Fibonacci numbers (see the the end of the post for how). They are usually derived from a matrix power representation of Fibonacci numbers (or see one of my earlier posts for an alternative). This blog post gives a direct combinatorial derivation.