Heat the oven to 350 degrees.
Add the ground beef to a skillet and saute over medium high heat until browned completely. Drain the excess fat.
Sprinkle the taco seasoning into the skillet and pour in the water. Stir to combine, and simmer until the sauce has thickened.
In a mixing bowl, blend together the cream of chicken soup, cream of mushroom soup, Cheez Wiz, tabasco, worcestershire, onion flakes, Rotel and salt and pepper to taste.
Layer the bottom of a well greased 9x13 baking dish with crushed tortilla chips
Spread half the meat mixture on top of the chips.
Add ½ of the soup mixture on top of the meat.
Sprinkle 1 cup of the cheddar cheese on top.
Repeat with a layer of meat, then the rest of the soup mixture, and the remaining cheddar cheese and mozzarella cheese on top.
Bake for 35-45 minutes.
Allow to cool for 10 minutes before serving.