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The name Million Dollar Dip could mean a lot of things. It could mean that this is a dip you’d pay a million dollars for. It could mean that this is a dip that costs a million dollars, though since this is made up of five reasonably economical ingredients, that seems pretty unlikely. So we’ll go with the former. All we know is that when we heard the name, we just knew it had to be good. And, oh boy, were we right.

I don’t think I’ve ever come across a cheesy dip I didn’t like, but this one is darn near addictive. It’s a creamy mayo base that’s studded with cheddar cheese, bright green onion, crunchy sliced almonds, and the ingredient that makes pretty much everything better – bacon. There’s no need to bake it or broil it or even cook a single thing… It literally takes five minutes to make.

Five minutes and five ingredients is pretty hard to argue with, but flavor is the thing that really matters most, and this dip has plenty of it. Though the ingredient list is short, each and everything on it complements each other so well. Just think of it as a really well-curated ingredient list.

There are recipes out there that try to gussy this up a bit with cream cheese or Greek yogurt or additional seasoning, but in this case, simple is truly best. The dip comes from a woman named Helen Corbitt, who invented it in the 1950s while she was the director of food services for Neiman Marcus. It’s creamy, cheesy, bacony… everything you could want from a dip.

Serves 8-10

5 minutes

Rated 5 out of 5
Rated by 1 reviewers
  • 2 cups mayonnaise
  • 1/2 cup slivered almonds
  • 5 green onions, finely chopped
  • 1/2 cup real bacon bits (or crumbled bacon)
  • 1 cup Cheddar cheese, grated
  1. Add mayonnaise, almonds, green onions, bacon, and cheddar cheese to a medium bowl. Mix until thoroughly combined.
  2. Cover and chill at least 2 hours. Serve with crackers and enjoy!
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