Magnetic fields in five-dimensional Kaluza-Klein theory compactified o
n a circle correspond to ''twisted'' identifications of five-dimension
al Minkowski space. We show that a five-dimensional generalization of
the Kerr solution can be analytically continued to construct an instan
ton that gives rise to two possible decay modes of a magnetic field. O
ne decay mode is the generalization of the ''bubble decay'' of the Kal
uza-Klein vacuum described by Witten. The other decay mode, rarer for
weak fields, corresponds in four dimensions to the creation of monopol
e-antimonopole pairs. An instanton for the latter process is already k
nown and is given by the analytic continuation of the Kaluza-Klein Ern
st metric, which we show is identical to the five-dimensional Kerr sol
ution. We use this fact to illuminate further properties of the decay
process. It appears that fundamental fermions can eliminate the bubble
decay of the magnetic field, while allowing the pair production of Ka
luza-Klein monopoles.