Theoretical studies predict a parametric instability of finite-amplitude internal gravity waves which hitherto has been observed only in laboratory experiments. The occurrence of this process in the atmosphere is of basic interest because finite-amplitude gravity waves, which are almost ubiquitous especially at upper atmospheric heights, would produce unstable flows even at large Richardson numbers. Maximum entropy power spectra of a strong internal gravity wave in the thermosphere, which was generated by a volcanic eruption and detected on records of the Doppler shift of high-frequency radio waves, in fact show good agreement with the spectra of synthetic Doppler records obtained from a calculated unstable gravity wave. The frequencies and wavenumbers observed in the gravity wave domain satisfy in particular the theoretically predicted resonance conditions. The observed Doppler records also show two significant lines in the acoustic domain which probably result from a nonlinear interaction with the basic gravity wave. It is suggested that acoustic double peaks, which are commonly observed in high-frequency Doppler spectra in the presence of nearby thunderstorms, represent parametric instabilities of internal gravity waves generated by penetrative cumulus convection.