In a large mixing bowl, combine softened cream cheese, shredded cheddar, taco meat, taco seasoning, green onions, red bell pepper, and cilantro.
Form the cheese mixture into a wreath shape on a serving platter.
Spread chopped nuts over the cheese ball, pressing gently to help them adhere.
Cover the cheese ball with plastic wrap and refrigerate for at least two hours, or until firm.
Before serving, garnish with additional cilantro and veggie sticks or tortilla chips arranged alongside the wreath.
Enjoy this delightful appetizer at your holiday gathering.