We calculate the contribution of the instanton -- anti-instanton (IIˉ)
pairs to the vacuum energy of QCD-like theories with Nf light fermions using
the saddle point method. We find a qualitative change of the behavior: for Nf≥6 it starts to oscillate with Nf. Similar behaviour was known for
quantum mechanical systems interacting with fermions. We discuss the possible
consequences of this phenomenon, and its relation to the mechanism of chiral
symmetry breaking in these theories. We also discuss the asymptotics of the
perturbative series associated with the IIˉ contribution, comparing our
results with those in literature.Comment: 11 pages, Late