Shred the Brussels Sprouts using the slicing blade of your food processor. You can also find pre-shredded at Trader Joe's.
Place the bacon and olive oil in a large skillet. Cover and cook over high heat until the bacon is crispy and brown and most of the fat is rendered, about 2 to 3 minutes.
Add the sprouts to the skillet; season with salt and pepper. Cover and cook until the sprouts begin to soften, 1 to 2 minutes. Uncover and cook, tossing occasionally, until the sprouts are crisp-tender, about 2 minutes.