This paper presents a miniaturized fringe projection system that only uses two fibers to potentially achieve superfast (e.g., MHz to GHz) 3D shape measurement speeds. The proposed method uses two optical fibers that carry the same wavelength of laser light with polarization and phase information properly modulated to generate high-quality sinusoidal fringe patterns through interference. The high-speed phase shifting is achieved by employing a high-speed Lithium Niobate (LN) electrooptic phase modulator. Since only two optical fibers are used to generate sinusoidal patterns, the system has a great potential of miniaturization for applications where the sensor size is critical (e.g., 3D endoscopy). Principle of the proposed techniques will be introduced, and preliminary experimental results will be presented in this paper to prove the success of the proposed method.