Velveeta Cheese Sauce
Make sure to bake the potatoes in the oven. Yes, you can make them in the microwave in a fraction of the time, but the skins won't be crispy and the potato won't be as delicious. It takes about 50 minutes to bake them in the oven.
For the Velveeta cheese sauce, you will simply need to slice off a cube of that strange, oddly jiggly substance, and melt it in a sauce pan with some milk. For my cheese sauce, I used about half a block of Velveeta and 1/2 a cup of milk, which made an unnecessarily enormous quantity of cheese sauce. So, you might want to try using l/3 or 1/4 of the cheese block and less milk. The cheese sauce can also be used on the broccoli by itself.
For the bacon, I simply cooked it until it was crispy, drained it on paper towels, and crumbled it. And as far as the chili, everyone has their own recipe for that, so you are on your own there.
Kyle's loaded potato - a masterpiece of cheese: