Here's our Windows XP Tip for.. February 26, 2003
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Editing Favorites from Windows Explorer
The Organize Favorites window in Internet Explorer is a bit cumbersome to work with; when you delete a shortcut, for example, Windows XP takes an annoying pause before performing the action.

If you want to do any serious tinkering with your Favorites folder, you're much better off doing so in a Windows Explorer window. Just open Windows Explorer (by going to Start, Programs, Accessories, Windows Explorer) and then navigate to C:\Documents and Settings\[Your Log-On Name]\Favorites.