A favorite represents a content reference the user wants to keep a shortcut to. It contains the name of the content reference and the label the user wants to see displayed for this favorite. Labels must be unique in each favorite collection.
Use the Save method of the Favorite class to save any changes you made to any favorite objects.
A favorite object is instantiated by the First, InsertItem, ItemByName, and Next Favorite Collection methods.
See Favorite Collection.