Heat oven to 400 degrees. Cut loaf down the middle and place on a peace of foil or pan.
In a small bowl mix the softened butter, olive oil, crushed garlic, and parsley. Spread the mixture on the bread. Top with cheese and place in the oven for 5-8 minutes or until the cheese is fully melted. Remove from oven and cut into strips.
Serve warm with you favorite dipping sauce. Enjoy!