Preheat your oven to 450°F.
Rub your potato with a teaspoon or two of olive or vegetable oil, wrap it in foil, and bake for 30-45 minutes, until tender. Alternatively, you can peel and boil your potato in salted water for 15-20 minutes, until tender. Set aside.
In a medium-sized pan, cook your bacon over medium-high heat, stirring often, until crispy. Use a slotted spoon to place the bacon on a plate lined with paper towels to drain. Reserve 2 Tablespoons of bacon fat and discard the rest.
In a medium-sized bowl, mash your cooked and peeled potato, then combine your sour cream, cream cheese, cheddar cheese, milk, minced onion, minced garlic, garlic powder, paprika, red pepper flakes, salt, and pepper.
Mix until smooth, and then fold in your chives, parsley, and cooked bacon.
Garnish with any additional chives, parsley, red onion, or bacon, if you like, and serve with your steak fries. You can also serve this with carrots, celery, radishes, or even potato chips!