Given a tower of interpreters, i.e., a sequence of multiple interpreters interpreting one another as input programs, we aim to collapse this tower into a compiler that removes all interpretive overhead and runs in a single pass. In the real world, a use case might be Python code executed by an x86 runtime, on a CPU emulated in a JavaScript VM, running on an ARM CPU. Collapsing such a tower can not only exponentially improve runtime performance, but also enable the use of base-language tools for interpreted programs, e.g., for analysis and verification. In this paper, we lay the foundations in an idealized but realistic setting. We present a multi-level lambda calculus that features staging constructs and stage polymorphism: based on runtime parameters, an evaluator either executes source code (thereby acting as an interpreter) or generates code (thereby acting as a compiler). We identify stage polymorphism, a programming model from the domain of high-performance program generators, as the key mechanism to make such interpreters compose in a collapsible way. We present Pink, a meta-circular Lisp-like evaluator on top of this calculus, and demonstrate that we can collapse arbitrarily many levels of self-interpretation, including levels with semantic modifications. We discuss several examples: compiling regular expressions through an interpreter to base code, building program transformers from modified interpreters, and others. We develop these ideas further to include reflection and reification, culminating in Purple, a reflective language inspired by Brown, Blond, and Black, which realizes a conceptually infinite tower, where every aspect of the semantics can change dynamically. Addressing an open challenge, we show how user programs can be compiled and recompiled under user-modified semantics.