%'e show how a collection of noninverted two-level systems, under the action of a quasiresonant pump field, can produce an exponential amplification of a probe signal through the mechanism of a dynamical instability with spatial self-bunching in a way very similar to that experienced by a high-gain freeelectron laser. We offer a detailed description of this phenomenon, specify the conditions under which it takes place, and sketch possible experimental parameters for its observation in a gaseous medium. PACS number(s): 42.55. -f, 42.50. -p, 32.80.Pj