Brown beef and sausage in a skillet over medium heat; drain. Add remaining ingredients except bread; mix well and stir until cheese is melted. Arrange bread slices on ungreased baking sheets. Spread with beef mixture. Top with pepper strips and olives to spell R-I-P. Bake at 350 degrees for 20 minutes. Rounds may be reheated in the oven as needed; cover with aluminum foil before reheating.