12/8 has twelve beats in each bar, and each beat is an eighth note (that is what the lower number means). In practice it is felt as four beats, each split into three. You will hear it in slow blues, soul and doo-wop ballads, gospel and Afro-Cuban music. Many slow blues and shuffle songs written in 4/4 are really felt in 12/8.
The metronome above is set to 12/8 with the beats grouped 3+3+3+3: an accent on beat 1 and a medium accent at the start of each group. The tempo counts the dotted-quarter beat you feel (four per bar); every eighth note still clicks, with accents at the start of each group of three. Tap any beat to change its accent.