I would say that my favourite language is OCaml. I haven't used it too much, but it's just beautiful to program in. Little things, like pattern matching (before you PHP people chime in, you probably have no idea what this is) and currying make a huge difference. Having a powerful, inferring type system is glorious. All this and being fast (as fast as C++ at times) makes for an amazing language.
However, the language I use the most is Python, as it's the easiest to get things done in. It doesn't always come up with the most elegant solution, but it's quick, easy, and nice. My only qualm is the sub-par metaprogramming (although that's being remedied in newer versions).
To all the people who say PHP is their favourite language, that just makes it obvious that you haven't done significant work in better languages. PHP takes all the art out of programming. Anyone (and their dog) could program in PHP, and come up with the same program. OCaml requires a bit more patience and skill, but the results are rewarding, and you will end up creating better programs, faster.