Visit Atmel.com and download datasheet for your uCPU (depends on board, for UNO - AtMega328). There is an extract, which show 16! different modes of timer settings. WGM12 is a bit, or position in the register, it's not "3" or number, rather a "switch" in line of 16 others switches, which you could turn on or off.
Mode WGM13 WGM12 WGM11 WGM10
(CTC1) (PWM11) (PWM10)
Timer/Counter Mode of TOP Update of TOV1 Flag
Operation OCR1x at Set on
0 0 0 0 0 Normal 0xFFFF Immediate MAX
1 0 0 0 1 PWM, Phase Correct, 8-bit 0x00FF TOP BOTTOM
2 0 0 1 0 PWM, Phase Correct, 9-bit 0x01FF TOP BOTTOM
3 0 0 1 1 PWM, Phase Correct, 10-bit 0x03FF TOP BOTTOM
4 0 1 0 0 CTC OCR1A Immediate MAX
5 0 1 0 1 Fast PWM, 8-bit 0x00FF BOTTOM TOP
6 0 1 1 0 Fast PWM, 9-bit 0x01FF BOTTOM TOP
7 0 1 1 1 Fast PWM, 10-bit 0x03FF BOTTOM TOP
8 1 0 0 0 PWM, Phase and Frequency ICR1 BOTTOM BOTTOM
Correct
9 1 0 0 1 PWM, Phase and Frequency OCR1A BOTTOM BOTTOM
Correct
10 1 0 1 0 PWM, Phase Correct ICR1 TOP BOTTOM
11 1 0 1 1 PWM, Phase Correct OCR1A TOP BOTTOM
12 1 1 0 0 CTC ICR1 Immediate MAX
13 1 1 0 1 (Reserved) – – –
14 1 1 1 0 Fast PWM ICR1 BOTTOM TOP
15 1 1 1 1 Fast PWM OCR1A BOTTOM TOP