Experimental conditions under which the low-threshold absolute parametric decay instability of an electromagnetic wave with extraordinary polarization at the electron cyclotron resonance heating of a plasma at the second harmonic resonance in toroidal devices are analyzed. A new mechanism is proposed for the localization of a daughter electrostatic wave in the toroidal direction in the region of a high-power pump beam. This mechanism, along with the two-dimensional localization of the daughter wave because of a nonmonotonic radial profile of the plasma density and the poloidal inhomogeneity of the magnetic field, can be responsible for the parametric excitation of a three-dimensional cavity for this wave and, as a result, low-threshold absolute decay instability of the pump wave.