The quasiperiodic Fibbonacci chain can be obtained by finite displacements from a periodic chain if one introduces ordered defects that are similar to discommensurations in incommensurate crystal phases. It is shown that the chain with discommensurations can also be constructed by means of a substitution rule having the Pisot property. In superspace the defect structure is a superstructure for the two-dimensional array that corresponds to the Fibonacci chain.