Lately I have been fixating on the following line of thinking: the unit of deduplication--usually a function, but sometimes even bigger--is the same thing as the unit of abstraction. When you dedupe, you've also given birth to a new abstraction, and those don't come for free. Now there's a new thing in the world that you had to give a name to, and that somebody else might come along and re-use as well, perhaps not in a context where you originally intended. The new thing is now bearing the load of different concerns, and without anyone intending it, it now connects those concerns. The cost of deduplication isn't just the work of the initial refactor; it's the risk that those future connections will break something or make your system harder to understand.
This reminds me of another famous Carmack pronouncement about the value of longer functions [1], which I think has some parallels here. In the same way we're taught to DRY up our code, we're taught to break up long functions. I sort of think of these two things as the same problem, because I view their costs as essentially the same: they risk proliferating new and imperfect abstractions where there weren't any before.
[1] http://number-none.com/blow/blog/programming/2014/09/26/carm...