Click on "My Favorites" on the Community page (upper left corner). Click on "Preferences" (under "Settings" on left side of screen). Tick the "No" under "Email Notifications" for your favorites.
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~ no need to make the message completely obnoxious - Cairenn
I just want to note that this is off by default. Voodoo's instructions should take you back to the same place where you turned them on.
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"You'd be surprised how many people violate this simple principle every day of their lives and try to fit square pegs into round holes, ignoring the clear reality that Things Are As They Are." -Benjamin Hoff, The Tao of Pooh