Step away from the packet of onion soup -- you don't need it. I've got something even better for you. The sweetness of the caramelized onions along with the one-two punch of both onion powder and dried onions is perfectly balanced by the creamy sour cream and cream cheese. But I have to warn you, you may want to eat the entire bowl yourself, it is THAT good.
Add the olive oil and chopped onion to a sauce pan over medium heat.
Cook over medium heat until caramelized, about 45 minutes.
Beat together the cream cheese and sour crea.
Using a mixer or food processor until well combined.
Stir in the remaining ingredients.
Refrigerate until ready to use.
Make it ahead of time! It's even better the next day, don't be afraid to make it a day or even two in advance.