"Watch this thread" feature broken?

Sorry if this has been addressed before but is the feature broken? I assumed that clicking the button would save the thread on the favourite boards or am I not looking at the right place?

Edit: Sorry, I meant "Watch this topic".

There's a separate "Favorite Topics" section under the Forums tab now which they will show up in.

Thank you! Lock this thread!

I just wish I didn't automatically watch any thread I reply to.