Manage Favorite Searches

I've searched the documentation and cannot seem to find where I can manage Favorite Searches.  Some of my users have created Favorites and would like to delete them.  I've made a few that I'd like to change.  The Help file talks about being able to edit.  The Add to Favorites dialog box has a note at the bottom that reads, "Note:  The 'May Edit' column tells if the user is permitted to open this dialog box and modify the favorite." but I can't seem to find how to "open this dialog box" other than to add a new Favorite.  Any suggestions?

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