Can we reorder favorited items?

I frequently "favorite" my projects, templates and reports. But depending on priority, the frequency that I view each might change over the course of a few months. It would be nice if we could drag and reorder these items instead of having to "x" (un-favorite) and then re-favorite to move them to the top of the list. Example: if I am busy with a specific project for two months and want it at the top of my favorite list, I want to drag that to the top so I don't have to click more to view it at the bottom or click "x" to un-favorite it and then re-favorite it to move it to the top of the list. Thanks!