Microsoft's Internet Explorer browser versions 7 and 8 allow you to delete individual favorites, or bookmarks, as often as you'd like. Unfortunately it's not possible to hold down the "Ctrl" or "Shift" key to select multiple favorites to delete at once within Internet Explorer itself, but there is a workaround.
In Internet Explorer
Click the "Add to Favorites" icon on the left side of your current Web page tab. The icon looks like a star with a plus symbol on it.
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Select "Organize Favorites" from the drop-down menu.
Click the "New Folder" button at the bottom of the window, and type in a name for it such as "Delete." Hit enter to finish naming the folder.
Click on a favorite you'd like to delete and hold the mouse button down while dragging that item to the new "Delete" folder. Repeat this process for all favorites you'd like to delete.
Right-click the "Delete" folder and select "Delete" from the drop-down list. Click "Yes" to confirm.
Click the "Start" menu and select "My Computer."
Double-click the "C" drive icon, then double-click the "Documents and Settings" folder.
Double-click your username folder, then double-click the "Favorites" folder.
Press and hold down the "Ctrl" key on your keyboard while single-clicking each bookmark or folder you want to delete. Once you have multiple favorites selected, release the "Ctrl" key and push the "Del" key on your keyboard. Click "Yes" to confirm the file deletions.