http://support.mozilla.com/en-US/kb/how-do-i-use-bookmarks

Thanks but I have already looked at that and it does not tell me how to put "MY FAVORITES" on the bookmark toolbar. Because MY FAVORITES is not a web page, but a drop down menu, I can't hit, "bookmark this page."

firefox is BETTER than IE8 hands down, B U T, some educated non smoking twitt decided that "BOOKMARKS" sounds more TA TA! in reality its a pain in the wazzooo, CANT/WONT IMPORT ANYTHING FROM IE8. is their anybody NOT SUPER EDUCATED with any idea as to how to fix it?? personally i dont see anything wrong with the 'FAVORITES" but that just the opinion of an old man that smokes!

Bookmarks are a TA TA name??

IE is the only browser that uses the "favorites" term, all the rest use "bookmarks".
IMO, bookmarks is s better name. But hey, I am just an over 60 heavy smoker who is so hardcore that I "roll my own" with Turkish tobacco.

Have you seen these support articles?
https://support.mozilla.org/en-US/kb/Importing%20favorites%20and%20other%20data%20from%20Internet%20Explorer

https://support.mozilla.org/en-US/kb/importing-bookmarks-favorites

https://support.mozilla.com/en-US/kb/Importing+Internet+Explorer+Favorites+from+another+computer

https://support.mozilla.com/en-US/kb/Importing+bookmarks+and+other+data+from+other+browsers