Alias

Alias feature makes you able to type a short alias instead of a long URL in full. You need just type the alias in the address bar. $ProductName will replace the alias with its full URL and then navigate to the target address. Select Tools->Alias Definitions to bring up the alias definition dialog in which you can view and edit alias definition entries. The following are some examples of aliases,

Alias Full URL
ym mail.yahoo.com
lh http://localhost
gl www.google.com
myprj d:\user\smith\vc\proj1

You have no need to define aliases for the folders available in the Shortcuts Menu. There are shorthand built-in commands to access those folders.