Bhairava holds within Himself the entire universe by reducing all the shaktis to sameness with Himself and inasmuch as He completely devours within Himself the entire mass of ideation (which is responsible for sense of difference) - Shiva Sutras, Jaideva Singh
The yantra of Bhairava, in all his different forms, is similar to that shown below.
From the yogic point of view, if an individual applies the Bhairava Mudra, he or she looks both outwards and inwards at the same time and is one with Shiva-Shakti. Bhairava is terrible, terrifying, because he represents pure consciousness, before which the kleshas (obstacles) and conditioning of an ignorant human being crumble. The following chapter from the Netra Tantra reveals more of the mysteries of Bhairava.