Reorganize playlists? How?

So logically you’d think you could just drag a playlist (crate) up or down the list to reorganize it, and maybe even drop it into another folder, but I can’t. It just gives me a red circle like it knows that I’m intending and doesn’t let me.

I feel like this use to be possible.

You can do exactly that (on a Mac anyway).

Well it doesn’t on windows lol