It seems like the GP might be suggesting that a quad-core CPU will swap in another core when one dies. That doesn't happen. But the binning process allows them to still sell slightly defective silicon with disabled parts (cores, cache), which saves money.
On a related note, a lot of GPUs actually do have a few dozen execution units that are disabled by default and can be swapped in after stress testing at the factory. I believe some can even do that in the wild, but I could be wrong.