Prepare the Meatloaf Mixture: In a large mixing bowl, combine the ground beef, breadcrumbs, beaten egg, chopped onion, and diced jalapeños. Add Worcestershire sauce, smoked paprika, and season with salt and pepper. Fold in softened cream cheese, shredded cheddar cheese, and crumbled bacon until evenly mixed.

Shape and Bake: Preheat your oven to 350°F (175°C). Shape the meatloaf mixture into a loaf and place it in a greased loaf pan or on a foil-lined baking sheet. Bake for 45-50 minutes or until the internal temperature reaches 160°F (70°C).

Rest and Slice: Remove the meatloaf from the oven and let it rest for 5-10 minutes. Slice into thick pieces for serving.

Prepare Ranch Drizzle: While resting, warm the ranch dressing in the microwave to make it pourable and drizzle generously over the sliced meatloaf.

Serve and Enjoy: Serve with your choice of sides such as mashed potatoes or roasted vegetables.