Cook the Ground Beef: In a skillet over medium heat, cook the ground beef until browned. Drain any excess fat.

Add Seasoning: Add the taco seasoning mix and water to the cooked beef. Stir well and let it simmer for 5 minutes.

Layer Refried Beans: Spread the refried beans in an even layer on the bottom of a 9x13-inch baking dish.

Spread Beef Mixture: Layer the seasoned ground beef over the refried beans.

Mix Cream Cheese and Sour Cream: In a medium bowl, mix together the softened cream cheese and sour cream until smooth. Spread this mixture over the beef layer.

Add Cheese Layers: Sprinkle the shredded cheddar and Monterey Jack cheese evenly over the top.

Top with Chilies and Salsa: Spread the diced green chilies and salsa over the cheese layers.

Bake: Preheat your oven to 350°F (175°C) and bake the dip for 20-25 minutes, or until the cheese is fully melted and bubbly.

Add Fresh Toppings: Remove the dip from the oven and let it cool slightly. Top with shredded lettuce, diced tomatoes, sliced black olives, and chopped green onions.

Serve: Serve immediately with tortilla chips for dipping.