Crisp the bacon: Place a large skillet over medium heat. Add chopped bacon and cook until crisp.
Remove to a paper towel–lined plate, leaving about 1 tablespoon of drippings in the pan. If skipping bacon, warm olive oil instead.
Brown the turkey: Add olive oil if needed, then add ground turkey. Cook 4–6 minutes, breaking it into crumbles, until no longer pink.
Season lightly with salt and pepper.
Soften the veggies: Stir in onion and jalapeños. Cook 3–4 minutes, until the onion is translucent and jalapeños soften. Add garlic and cook 30 seconds until fragrant.
Spice it up: Sprinkle in smoked paprika, cumin, chili powder, 1/2 teaspoon salt, and black pepper.
Stir to coat the turkey and veggies. Cook 1 minute to bloom the spices.
Make it creamy: Reduce heat to low. Add cream cheese in chunks and stir until melted and smooth.
Fold in Greek yogurt (or sour cream) until combined and creamy.
Add the cheese: Sprinkle in cheddar and Monterey Jack. Stir until melted and silky. If it seems too thick, add a splash of water or milk to loosen.
Finish: Stir in lime juice for brightness and half the cooked bacon.
Taste and adjust salt, pepper, or heat with extra jalapeños or a pinch of chili powder.
Serve: Top with remaining bacon, cilantro, and green onions. Serve straight from the skillet with your choice of sides—cauliflower rice, tortilla chips, warm tortillas, or a simple salad.