This option lets you organize the structure of your favorite menu. You can
- create new sub folders in the favorite menu structure,
- rename the labels of the single favorite entries and folders in the menu,
- delete favorite entries and folders,
- move entries and to another sub folder in the menu and
- change the order of favorite entries in the menus.
All this is done with the Organize Favorites dialog:
All other interesting facts about creating and using favorites is outlined in the manual topic
Favorites Menu - Add.