解$:(1)$原式$=(-5)^{2023}×(-5)×(-\frac {1}{5})^{2023}$
$=[-5×(-\frac {1}{5})]^{2023}×(-5)$
$=1×(-5)$
$=-5$
$(2)$原式$=(-0.125)^2×(-8)^2×(-8)^{11}×(-1\frac {2}{3})^7×(-\frac {3}{5})^7×(-\frac {3}{5})$
$=[-0.125×(-8)]^2×(-8)^{11}×1×(-\frac {3}{5})$
$=\frac {3}{5}×8^{11}$