Assuming the toppings have to be 5 *different* toppings, you have:
(11 choices) x (10 choices) x (9 choices) x (8 choices) x (7 choices)
= 55,440 possible pizzas
If you could repeat any choice and repeat it as many times as you want, then you have
(11 choices) x (11 choices) x (11 choices) x (11 choices) x (11 choices)
= 161,051 possible pizzas