Preheat your oven to 350°F (175°C). Gather your ingredients and tools.

In a large mixing bowl, combine lean ground beef, breadcrumbs, egg, onion, and jalapeños. Mix until well combined, then incorporate Worcestershire sauce, smoked paprika, salt, and pepper.

Fold in cream cheese, cheddar cheese, and crumbled bacon into the meat mixture to ensure an even distribution.

Transfer the meat mixture into a greased loaf pan or shape it into a loaf on a lined baking sheet.

Bake in the preheated oven for 45–50 minutes, until golden brown and the internal temperature reaches 160°F.

Let the meatloaf rest for 5–10 minutes before slicing to allow juices to redistribute.

Warm ranch dressing and drizzle over slices before serving for added flavor.