Preheat the oven to 450 degrees F (230 degrees C).
Arrange waffle fries in a single layer on a rimmed baking sheet.
Bake in the preheated oven until light golden in color, 12 to 20 minutes.
Meanwhile, cook and stir ground beef in a large skillet until browned and crumbly, 5 to 7 minutes. Drain excess grease. Stir in taco seasoning and cook for 1 to 2 minutes more.
Transfer baked fries to a 9×13-inch baking pan. Spread ground beef evenly over fries. Cover beef with cheese.
Return to the oven until cheese has melted, about 5 minutes.
Remove from the oven and garnish with tomatoes, olives, jalapenos, and lettuce. Dollop sour cream and guacamole on top.
Use 1 cup chopped iceberg lettuce instead of romaine, if preferred.
Use jarred jalapenos if preferred.
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