Favelets (or Bookmarklets ) are javascript uris that when added as a Favorite (or Bookmark) perform an action on the current page or browser instance rather than navigating you to a particular location. (For a more comprehensive description, see wikipedia
Read More...
Read the complete post at http://feeds.feedburner.com/~r/monotonous-moss/~3/261325073/moss-favelets-for-sharepoint-management.html