This one is easy to do and is pretty good too.
All you need is:
2lbs of Velveeta
1 4oz can of Ortega Diced Jalapenos
1 can of Black Olives
Cayanne Pepper (to taste)
Slice the olives and save the olive juice. Melt the Velveeta in a saucepan then add the entire can of jalapenos with it's juice (you can use the olive juice to help thin it out some). Add the cayanne (as much or little as you like) and let it simmer for 10-20 minutes but be sure to stir it constantly so it doesn't scorch (nasty!!). Enjoy with whatever chips you like!!
Oh yea, it gets better after a couple of days in the fridge!