Line a rimmed baking sheet with parchment. Preheat oven to 400F.
Brown the ground beef on medium, breaking it up with a spatula. Drain or spoon out as much grease as you want.
Stir in taco seasoning and water, simmer about a minute so it thickens a bit.
If using, slice or dice the jalapenos. Dice the tomato. Set aside. These will go on after baking.
Arrange tortilla chips on the baking sheet. I try to get these in one layer as best as I can, curved side up to help hold the meat and beans.
Spoon refried beans (or black beans) over chips, then add the cooked, browned taco meat and add handfuls of cheese over top. Top with jalapeños, if using.
Bake 6 minutes, or until cheese melts and edges brown. Check that the outside chips aren't getting too brown. If the cheese hasn't melted enough add another 3 minutes. You want fully melted cheese but not dark brown chips.
Drop spoonfuls of guacamole and sour cream, and sprinkle on olives and tomato, distributing so chips are getting a little of everything. Serve warm.
Pro Tip: If you have a can of Rico's nacho cheese, warm up 1/4 or 1/2 cup in the microwave and drizzle on top (ballpark style) right before serving.