Steve once put a video up of taking it apart to change the washer in it. unfortunately he took the video down.
I'm guessing that it meant all you needed to replace was a washer, but now when they stop working we have to buy a whole new unit.
From what I remember there's a little indentation on the side of the univalve, which he pushed in, and this then let the bottom piece pull out completely, revealing the washer. (I think)
I've got a broken univalve in my garage that I keep meaning to look at. Once you've got it apart, it's just a case of finding the washer size, bobs your uncle.