The Twitter widget module allows different Twitter feeds to be displayed:
This article introduces the faves widget. To get your Twitter faves widget running, a few details have to be entered in the configuration screen of the module:

On the left of this article, this page shows the faves widget configured for the twitter account of twitter (@twitter)
All options of the Twitter widget module correspond to the official Twitter widget, which can be found here: http://twitter.com/about/resources/widgets