When a bee returns to the hive and wishes to show other bees where it found forage, water or if swarming a potential nesting site, then it performs the waggle dance.
The direction of the waggle part of the dance shows the direction of the resource which is the direction that bees should fly in order to reach it. The direction of the waggle in relation to straight up is the direction relative to the sun that should be followed. In this case the waggle is about 45 degrees to the left of vertical so bees should fly 45 degrees left (anticlockwise) of the sun.
The time of an individual waggle sequence indicates how far it is to the resource, with 1 second indicating about 1 kilometer.