Paul Mison wrote a nice tool recently:
For a long time, I’ve maintained a set called Your Favourites on Flickr, which contains those photos that lots of people have marked as, well, a favourite.
This is a web implementation of Paul's script. Give it rights to create photosets, and it'll make you a set of up to 72 photos in your account that have the favourites from other Flickr users, ordered by their popularity. (Why 72? It makes a nice rectangle on your set page). You'll need Flickr stats turned on (and hence a Pro account) for this to work, unfortunately.
favset is based on an original script by Paul Mison, and the gae-flickrapp framework by Aaron Straup Cope. It is hosted on Google App Engine.
click here to sign in using Flickr