— In this research, by adopting an alternative novel approach to ultra-short giant pulse generation which basically originated from difficulties with traditional employed methods, an optimized Er/Yb co-doped double-clad fiber amplifier is applied to boost output average power of single mode output pulses to a high level of 2-W at 1.59-µm central wavelength. Output pulses of approximately 63-fs pulse width at 52-MHz repetition rate are obtained in an all-fiber monolithic laser configuration. The idea of employing parabolic pulse amplification for stretching output pulses together with high power pulse amplification using Er/Yb co-doped active fibers for compressing and boosting output average power, play crucial roles in obtaining desired results. The proposed configuration enjoys massive advantages over previously reported literature which make it well-suited for high-power precision applications such as medical surgery. Detailed dynamics of pulse stretching and compressing in active fibers with different GVD parameters are numerically and experimentally investigated. We also report the design and performance of a high power femtosecond laser source near 1 µm wavelength which is generated from an octave-spanning supercontinuum (SC) pumped by an Er-doped mode-locked laser. The laser system delivers 5W average power at 52MHz repetition rate and 135 fs pulse duration. Index Terms — Er/Yb fiber amplifier, SESAM Mode-locking, Ultra-short pulses