Basic table bread will never seem the same after you've tried this over the top monkey bread that's simply packed with flavor!
Stir water, sugar, salt, and yeast together until yeast is dissolved and allow to sit for about 5 minutes. Pour into a large mixing bowl and whisk in oil until combined. Add flour and mix until dough comes together. Turn out onto lightly floured surface and knead for a 2 to 3 minutes until dough is smooth and resilient. Place in oiled bowl, cover, and place in warm place to rise for about 1 hour until doubled in size.
Heat oven to 350 degrees F (180 C) and grease a bundt pan (or see note) very well with oil. Press dough down and divide into tablespoon sized balls. Stuff each ball with 1 square of "mozzarella" cheese and roll dough around it.
Dip each ball into pesto and place in prepared pan. Continue dipping and stacking balls until all are in pan then bake for 40 to 55 minutes until top is a deep golden brown.
If (like me) you don't have a bundt pan you can use a 10-inch springform pan and an inverted 6-ounce ramekin in the center. This is great because it gives you a pre-warmed bowl for the dip. Just be sure to grease the outside of the ramekin as well as the pan, very well.