Apple Final Cut Pro 6 - Manual (Page 1120)

Chapter 16 Reusing Effect and Motion Parameters 335
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Each selected filter appears in the Favorites bin in the Effects tab.
Organizing and Renaming Favorites
When you create a favorite, you may want to rename it, particularly if you modified it,
to help keep track of your transitions and filters.
To rename a favorite transition or filter:
1 Select the transition or filter in the Effects tab of the Browser.
2 Click it again to highlight its name field.
3 Enter a new name, then press Return.
To save filters as favorites,
drag the selected filters
from the Filters tab in the
Viewer...
...to the Favorites bin in
the Effects tab. You can
also put favorite filters in
a sub-bin.
Enter the new name for
your favorite transition.