In a large bowl, mix shredded cheese (save some for topping), cream cheese, crumbled bacon (save some for topping), chopped jalapeño, and ranch seasoning until smooth and fully combined.
Spoon the mixture into baking dish and spread evenly.
Sprinkle remaining shredded cheese and crumbled bacon evenly over the top.
Bake uncovered at 375° for 15 minutes until hot, bubbly, and golden.
Serve warm with wavy potato chips and enjoy!
