Heat your skillet over medium-high heat and add the ground beef. Cook it until it’s browned and crumbly, breaking it apart as you go. Drain any excess grease to keep the dip from being too oily.
Add the chopped onion, diced bell pepper, and minced jalapeño to the skillet. Stir them in with the beef and cook until they’re tender and fragrant.
Sprinkle in the taco seasoning along with a pinch of salt and pepper. Stir well, making sure the meat and veggies are perfectly coated with the spices.
Lower the heat to medium and stir in the refried beans and salsa. Mix everything until it’s evenly combined and warmed through. At this point, the mixture will start looking irresistibly good!
Spread the shredded cheddar cheese evenly over the top of the mixture. Cover the skillet and allow it to sit for a few minutes until the cheese melts into a gooey, bubbly layer.
Once the cheese is melted, garnish your nacho dip with sliced jalapeños, black olives, and fresh cilantro. Serve the dip straight from the skillet with tortilla chips, guacamole, and sour cream on the side. Enjoy the fiesta!