Step 1: Preheat your oven to 375°F (190°C).
Step 2: In a large skillet, brown the ground beef over medium-high heat. Drain any excess grease.
Step 3: Stir in the taco seasoning and water. Bring to a simmer and cook for 5-7 minutes, or until the liquid has mostly absorbed and the mixture is slightly thickened.
Step 4: Unroll the crescent dough. Separate into 16 triangles. Arrange the triangles on an ungreased 12-inch pizza pan or round baking sheet, with the wide ends overlapping in the center and the points facing outwards. There should be a 4-5 inch opening in the center.
Step 5: Spoon the seasoned ground beef mixture evenly over the widest part of the crescent rolls.
Step 6: Sprinkle the shredded Mexican cheese blend over the ground beef.
Step 7: Bring the point of each crescent roll triangle up over the filling and tuck it under the wide end of the dough at the center, forming a ring. If desired, you can gently pinch the dough to seal any gaps.
Step 8: Bake for 20-25 minutes, or until the crescent ring is golden brown and the cheese is bubbly.
Step 9: Remove from oven, let stand for a few minutes. Slice into individual portions and serve immediately with your favorite taco toppings.