#1 Cut bacon lengthwise in half cook as directed on package. Meanwhile, cut football-shaped piece from top of bread loaf remove center, leaving 1-inch-thick shell. Cut removed bread (including bread top) into bite-size pieces. #2 Combine all remaining ingredients except shredded cheese in large microwaveable bowl. Microwave on high 3 minutes or until Velveeta is completely melted and mixture is well blended, stirring after each minute. Stir in shredded cheese. Microwave 2 minutes stir until shredded cheese is completely melted and mixture is well blended. #3 Pour dip into bread bowl. Top with 1 bacon strip. Cut remaining bacon strips into short pieces use to garnish dip to resemble football laces as shown in photo. Serve with bread pieces.