Configuring Soundflower for app audio and mic recording?

    Aug 24 2013 | 8:42 pm
    Hello there,
    as I want to simultaneously record audio coming out of an app and microphone input, as well as letting this input go back to the application, I installed Soundflower. However, it seems I can't get it configured properly.
    I tried to follow MacWorld's tutorial, to no avail. Whenever I set it up as they state, I get no audio recorded, nor from the mic nor the apps, and nothing can be heard or monitored.
    What is the proper setup for this kind of application?