I recently went through and overhauled my favorites on Ravelry so I could properly find things when I wanted them, and it took enough effort that you all get to see exactly what I was doing. You can peek at my favorites here.
Ravelry has a couple different ways you can organize patterns: the Favorites and the Library. I like to think of Favorites as patterns I like but may or may not own, and the Library as a record of patterns I’ve bought. In practice, I just use the Library to re-download things as I need to, and the Favorites as an amalgamation of to-make and inspiration.
Within the Favorites, you have your bundles and your tags. I use my bundles to put together patterns of similar types and my tags to mark attributes I might find useful later–like drawers in a file cabinet and folders within those drawers.
I try to keep my tags simple and fairly self-explanatory. I tag the method (knit, crochet, tunisian), and then the attributes (colorwork, cables, beads, lace). Then I have some tags which are more for me: “water” is ocean- and marine-themed patterns, “fandom” is patterns based off of existing franchises (this one is mostly Pokemon right now), and “rainbow” is simultaneously patterns with rainbows and LGBT-themed patterns. Some of my tags are a little more cryptic: “construction” is for patterns whose construction I found to be clever in some way, and “colors” is patterns which allow you to play with color combinations, whereas “colorwork” is actual stranded work.
Basically, my tags break down into techniques, personal interests, and themes. When creating your own tag system, think about what parts of a pattern are going to draw you back to it, and use those as your tags.
My bundles are way more broad. I have 17 right now, and add more whenever I find new categories worth keeping.
I have Wishlist, Amigurumi (Crochet), Amigurumi (Knit), Baby Blankets, Bags, Books & Bundles, Children’s Clothing, Doilies, Doll Clothes, Gloves, Hats, misc., Ocean Apparel, Projects, Shawls/Wraps/Scarves, Socks, and Tops. All self-explanatory, except perhaps for Projects, which is for projects by other Ravelers which I found to be inspirational in some way.
Some of them I don’t really need anymore: now that I have the “water” tag, I don’t think I need the Ocean Apparel bundle; “water” has some amigurumi and non-wearables in it, but they overlap so significantly that I might delete the bundle. Also, given that I sort of consider my entire favorites list a sort of “wishlist”, I might also not need the Wishlist bundle. It’s an evolving system.
If you haven’t organized your favorites, but would like to, one feature I found really helpful was the “not bundled” and “not tagged” sections under “Top Tags”. I could just click on those to find the favorites that hadn’t yet been organized, and go through them that way. It made everything a lot simpler. If you’ve already organized everything to your liking, how did you do it? What’s your system?