1. 1. Preheat the oven to 350°F (175°C).

2. 2. Slice the bread into thick slices.

3. 3. Spread butter on one side of each bread slice.

4. 4. Place the bread slices on a baking sheet, buttered side down.

5. 5. Top each slice with a layer of cheddar and smoked gouda cheese.

6. 6. Sprinkle crispy bacon bits over the cheese layer.

7. 7. Bake in the preheated oven for 10-15 minutes or until the cheese is melted and bubbly.

8. 8. Serve hot and enjoy!