My favorite movie as a little kid was The Neverending Story. I still love it, but it is not my favorite movie. However, my favorite movie, Pump Up the Volume, has been my favorite movie since i was 12, which is still a kid, so yes. Other favorite movies from childhood include Adventures in Babysitting, Clue, Parenthood, Flight of the Navigator and The Parent Trap.
And here's a random video from back in the day Hi Five- I Like The Way (you kiss me playing the kissing game)