In a small bowl, mix together sour cream and taco seasoning mix. Set nearby.
In a serving dish of your choice (should be able to hold about 16 cups; I typically use a 9 inch trifle bowl), layer ingredients in this order: refried beans, sour cream mixture, lettuce, shredded cheese, guacamole, tomatoes, and olives.
Serve dip immediately with tortilla chips for dipping.
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