1 loaf French baguette bread
extra virgin olive oil
piment extra fort, moulu (ground cayenne hot pepper, like this one from Bahadourian)
nutritional yeast flakes
First, don't knock the nutritional yeast until you've tried it. Not sure how popular it is in the US, but it's very popular here - and with good reason. It's a nutty, rich taste that adds a great flavor to salads, breads and apparently... dips.
Pour a couple glugs of olive oil into a saucer. Add about 2 Tbsp of hot pepper and 2 Tbsp nutritional yeast.
Serve with pieces of bread, mixing the dip as you go and adding more of each ingrdient as needed.