A person or thing who enjoys special regard or favour.
The teacher's favourite always went first.
A person who is preferred or trusted above all others.
A contestant or competitor thought most likely to win.
She's the favourite, she'll probably be elected.
A bookmark in a web browser.
(in the plural) A short curl dangling over the temples, fashionable in the reign of Charles II.
To favour.
To bookmark.
To add to one's list of favourite items on a website that allows users to compile such lists.
Preferred or liked above all others (unless qualified).
This is my second favourite occupation.
Belonging to a category whose members are all preferred or liked over nonmembers.
I just saw a movie with all my favourite actors in it.