Thanks Martin for 6 bytes!
1="/}.!+/M8;
Expanded:
1 = "
/ } . !
+ / M 8 ;
. . . .
. . .
Try it online
Old, answer. This is being left in because the images and explanation might be helpful to new Hexagony users.
!).={!/"*10;$.[+{]
Expanded:
! ) .
= { ! /
" * 1 0 ;
$ . [ +
{ ] .
This prints the Fibonacci sequence separated by newlines.
Try it online! Be careful though, the online interpreter doesn't really like infinite output.
Explanation
There are two "subroutines" to this program, each is run by one of the two utilised IPs. The first routine prints newlines, and the second does the Fibonacci calculation and output.
The first subroutine starts on the first line and moves left to right the entire time. It first prints the value at the memory pointer (initialized to zero), and then increments the value at the memory pointer by 1
. After the no-op, the IP jumps to the third line which first switches to another memory cell, then prints a newline. Since a newline has a positive value (its value is 10), the code will always jump to the fifth line, next. The fifth line returns the memory pointer to our Fibonacci number and then switches to the other subroutine. When we get back from this subroutine, the IP will jump back to the third line, after executing a no-op.
The second subroutine begins at the top right corner and begins moving Southeast. After a no-op, we are bounced to travel West along the second line. This line prints the current Fibonacci number, before moving the memory pointer to the next location. Then the IP jumps to the fourth line, where it computes the next Fibonacci number using the previous two. It then gives control back to the first subroutine, but when it regains control of the program, it continues until it meets a jump, where it bounces over the mirror that was originally used to point it West, as it returns to the second line.
Preliminary Pretty Pictures!
The left side of the image is the program, the right hand side represents the memory. The blue box is the first IP, and both IPs are pointing at the next instruction to be executed.

Note: Pictures may only appear pretty to people who have similarly limited skill with image editing programs :P I will add at least 2 more iterations so that the use of the *
operator becomes more clear.
Note 2: I only saw alephalpha's answer after writing most of this, I figured it was still valuable because of the separation, but the actual Fibonacci parts of our programs are very similar. In addition, this is the smallest Hexagony program that I have seen making use of more than one IP, so I thought it might be good to keep anyway :P