01 - Preheat oven to 350°F.
02 - In a medium bowl, mix the softened cream cheese, sour cream, Italian seasoning, garlic powder, and salt until smooth and uniform.
03 - Spread the cream cheese mixture evenly into the bottom of a 9-inch round oven-safe dish or pie pan.
04 - Pour pizza sauce over the cream cheese layer and smooth evenly over the surface.
05 - Evenly sprinkle mozzarella and cheddar cheeses over the pizza sauce layer.
06 - Place pepperoni slices evenly on top of the cheese layer.
07 - For each pepperoni, position a black olive in the center and top with a sliced green olive with pimento to resemble an 'eyeball.' Repeat until all slices are decorated.
08 - Bake for 20 to 25 minutes, or until cheeses are fully melted and bubbling.
09 - Remove from oven, let dip rest for 5 minutes, and garnish with fresh basil leaves if desired.
10 - Serve warm with sliced baguette, breadsticks, or tortilla chips.