It can be a hassle sometimes to search for a particular filter or transition in Final Cut Pro 7. Luckily, if you have favorites, you can put them aside and make them easier to find and use. This video tip shows everything you need to know about using favorites.
In the video, I use hotkeys to quickly add an effect. Below is a chart to help explain which hotkey corresponds to which effect. Click the image to enlarge.
Also, keep in mind, sometimes there is an issue where the order of the filters for the hotkeys gets mixed up. This also happens when adding multiple effects under a folder as one preset. If this happens, you may have to remove a few of the problematic effects from your favorites.