I'm happy to help! Which Droid do you have? The process for deleting a bookmark for may of the droids are the same.
Are you still having problems?
How do I delete bookmarks from my shortcut list on my Droid phone?
To delete a bookmark on your Droid Eris or HTC Droid Incredible follow the steps below.
1. Open the browser
2. Select the Menu
3. Select Bookmarks
4. Press & hold the bookmark you want to delete
5. Then select delete from the options