We develop the theory of transformation semigroups that have degree 2, that is, act by partial functions on a finite set such that the inverse image of points have at most two elements. We show that the graph of fibers of such an action gives a deep connection between semigroup theory and graph theory. It is known that the Krohn-Rhodes complexity of a degree 2 action is at most 2. We show that the monoid of continuous maps on a graph is the translational hull of an appropriate 0-simple semigroup. We show how group mapping semigroups can be considered as regular covers of their right letter mapping image and relate this to their graph of fibers.