Combine beans, salsa, RedHot Sauce and 2 tablespoons cilantro in food processor or blender; cover and process until smooth. Spread onto bottom of 9-inch pie plate. Spoon sour cream over bean mixture. Spread guacamole evenly over sour cream.
Place French Fried Onions on microwave-safe dish. Microwave on HIGH 1 minute. Sprinkle 2/3 cup onions over guacamole layer. Sprinkle with tomatoes, cheese, olives, remaining 2/3 cup onions and cilantro. Serve with tortilla chips.