In a mixing bowl, combine the room-temperature cream cheese with dried basil, oregano, onion powder, garlic powder, and red pepper flakes. Mix until everything is well combined and smooth.
Spread the cream cheese mixture evenly in the bottom of your pie dish. This will be the first layer of your 7 Layer Pizza Dip.
Carefully spread the pizza sauce over the cream cheese layer, ensuring it covers the entire surface.
Sprinkle the grated parmesan cheese evenly over the pizza sauce layer, followed by the shredded mozzarella and cheddar cheeses.
Now, layer on the pepperoni, sliced olives, and diced green pepper, distributing them evenly across the top.
Preheat your oven to 350°F (175°C). Bake the dip for about 20-25 minutes or until the cheese is bubbly and golden brown. If you want to speed things up, you can also microwave the dip for about 5-7 minutes until heated through.
Once your 7 Layer Pizza Dip is out of the oven, let it cool for a few minutes. Serve it warm with your favorite dipping options, and watch it disappear!