Place the salsa verde, avocado, bread, cilantro, orange juice, jalapeno, salt, pepper and olive oil into the bowl of a food processor or blender until it's as smooth as your equipment can manage.
Blend or pulse until combined, scraping the sides on occasion. Gradually add about a cup of water to loosen everything up. Pour into a large bowl.
Strain some or all of the mix, using more water or orange juice to achieve the desired texture and flavor.
Refrigerate for at least 2 hours.
To serve, pour into a bowl or glass and garnish with orange and a dash of Tajin seasoning or cayenne. Offer a float of tequila at the table if desired.