1st Layer - In a medium bowl stir together the refried beans with 1/2 cup salsa. Spread onto the bottom of a 13x9-inch dish.
2nd Layer - In a large bowl, use an electric mixer to whip together softened cream cheese, taco seasoning and 1/2 cup sour cream. Whip on medium-high speed for 2 minutes, until fully combined. Spread over the refried beans.
3rd Layer - Top the cream cheese mixture with prepared guacamole.
4th Layer - Spread remaining 16 oz chunky salsa over the cream cheese.
5th Layer - Sprinkle green onions and black olives over the salsa.
6th Layer - Sprinkle the shredded colby jack cheese over the green onion and olives.
7th Layer - Spread the top with 16 oz sour cream. (It's OK if some of the cheese spreads with the sour cream.)
Create the American Flag to Decorate the Top: Use the tip of a knife to create a rectangle outline in the sour cream in the upper left corner. Combine tomatoes and red bell pepper in a medium bowl.
To create red stripes and white stripes, arrange the tomato mixture and shredded monterey jack cheese in alternating rows, each about 1 1/2-inches wide working from top to bottom.
Cut cheese slice with a 1-inch star cookie cutter. (Make as many stars as desired.)
Arrange a cup of roughly crushed blue corn chips in the upper left corner of the dish. Decorate with cheese stars.
Cover and refrigerate for at least 2-4 hours until serving. Serve with the reserved blue corn tortilla chips.