"That is my favorite flavor of ice cream. I'd eat it daily if I could."
- Expected or most probable to win.
"He's the favorite, he'll probably be elected."
- Preferred one, one with special favor
"The teacher's favorite always went first."
- (Internet) To bookmark.
- Alternative form of favor
- (Internet) To add to one's list of favorites on a website that allows users to compile such lists.