It's easy to check that for any natural $n$ $$\frac{n+1}{n}=\cfrac{1}{2-\cfrac{n+2}{n+1}}.$$
Now,
$$1=\frac{1}{2-1}=\frac{1}{2-\cfrac{1}{2-1}}=\frac{1}{2-\cfrac{1}{2-\cfrac{1}{2-1}}}=\cfrac{1}{2-\cfrac{1}{2-\frac{1}{2-\frac{1}{2-1}}}}=\ldots =\cfrac{1}{2-\cfrac{1}{2-\frac{1}{2-\frac{1}{2-\frac{1}{2-\dots}}}}},$$
$$2=\cfrac{1}{2-\cfrac{3}{2}}=\cfrac{1}{2-\cfrac{1}{2-\cfrac{4}{3}}}=\cfrac{1}{2-\cfrac{1}{2-\frac{1}{2-\frac{5}{4}}}}=\cfrac{1}{2-\cfrac{1}{2-\cfrac{1}{2-\frac{1}{2-\frac{6}{5}}}}}=\ldots =\cfrac{1}{2-\frac{1}{2-\frac{1}{2-\frac{1}{2-\frac{1}{2-\ldots}}}}}.$$
Since the right hand sides are the same, hence $1=2$.
Another example where dots are misleading: $$1= \frac{ 1 \cdot \color{blue}{2} \cdot \color{green}{3} \cdot \color{red}{4} \cdots}{ 2 \cdot \color{blue}{3} \cdot \color{green}{4} \cdot \color{red}{5} \cdots} \leq \frac{1}{2}$$