What is the meaning of Favourite?

Most-liked. (In other words, [person]'s favorite [noun] = the [noun] that [person] likes the most.)

Liked, cherished.

A person or thing who enjoys special regard or favour.

A person who is preferred or trusted above all others.

A contestant or competitor thought most likely to win.

A bookmark on a web browser or website.

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.

Source: wiktionary.org